by Calculated Risk on 8/30/2025 08:11:00 AM
The key report this week is the August employment report on Friday.
Other key indicators include the August ISM manufacturing index, August auto sales, and Trade Deficit for July.
—– Monday, September 1st —–
All US markets will be closed in observance of the Labor Day holiday.
—– Tuesday, September 2nd —–
10:00 AM: ISM Manufacturing Index for August. The consensus is for the ISM to be at 48.6, up from 48.0 in July.
10:00 AM: Construction Spending for July. The consensus is for a 0.1% increase in construction spending.
All Day: Light vehicle sales for August.
This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the sales rate for last month.
—– Wednesday, September 3rd —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM Job Openings and Labor Turnover Survey for July from the BLS.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings decreased in June to 7.44 million from 7.71 million in May.
The number of job openings (black) were unchanged year-over-year and Quits were down 4% year-over-year.
2:00 PM: the Federal Reserve Beige Bookan informal review by the Federal Reserve Banks of current economic conditions in their Districts.
—– Thursday, September 4th —–
8:15 AM: The ADP Employment Report for August. This report is for private payrolls only (no government). The consensus is for 72,000 payroll jobs added in August, down from 104,000 in July.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for initial claims to increase to 232 thousand from 229 thousand last week.
8:30 AM: Trade Balance report for July from the Census Bureau.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is the trade deficit to be $64.2 billion. The U.S. trade deficit was at $60.2 Billion the previous month.
10:00 AM: the ISM Services Index for August.
—– Friday, September 5th —–
8:30 AM: Employment Report for August. The consensus is for 78,000 jobs added, and for the unemployment rate to increase to 4.2%.
There were 73,000 jobs added in July, and the unemployment rate was at 4.3%.
This graph shows the jobs added per month since January 2021.
