Tuesday , January 19 2021
Home / Calculated Risk / Friday: Employment Report, Trade Deficit

Friday: Employment Report, Trade Deficit

Summary:
My November Employment PreviewGoldman November Payrolls PreviewFriday:• At 8:30 AM ET.Employment Report for November.   The consensus is for 500 thousand jobs added, and for the unemployment rate to decrease to 6.7%.Click on graph for larger image.This graph shows the job losses from the start of the employment recession, in percentage terms through October.The current employment recession was by far the worst recession since WWII in percentage terms, and the worst in terms of the unemployment rate.• Also at 8:30 AM: Trade Balance report for October from the Census Bureau. The consensus is the trade deficit to be .7 billion.  The U.S. trade deficit was at .9 billion in September.

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Pearl Liu writes China braces for another record year of bond defaults as cash-starved developers breach central bank’s red lines for borrowings

Calculated Risk writes January 18 COVID-19 Test Results

Lambert Strether writes The Class Composition of the Capitol Rioters (First Cut)

DPA writes Indian sailors stranded due to China-Australia dispute allowed to leave Chinese coast

My November Employment Preview

Goldman November Payrolls Preview

Friday:
• At 8:30 AM ET.Employment Report for November.   The consensus is for 500 thousand jobs added, and for the unemployment rate to decrease to 6.7%.

Friday: Employment Report, Trade DeficitClick on graph for larger image.

This graph shows the job losses from the start of the employment recession, in percentage terms through October.

The current employment recession was by far the worst recession since WWII in percentage terms, and the worst in terms of the unemployment rate.

• Also at 8:30 AM: Trade Balance report for October from the Census Bureau. The consensus is the trade deficit to be $64.7 billion.  The U.S. trade deficit was at $63.9 billion in September.

Leave a Reply

Your email address will not be published. Required fields are marked *