It is a big week for economic data. There are many reports with the most attention on Friday’s Employment Situation data. We will also get auto sales, the ISM manufacturing and non-manufacturing indexes, construction spending, and factory orders. Weekly jobless claims continue to attract great interest and should. The corporate earnings story hits a peak for the season.
Many have been reassured by the job growth in the payroll employment report. It is viewed as the most important by the investment and economic communities and has earned a status as the “official” read on employment.