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Unemployment Rate Seen at 10.6% in July -- Data Week Ahead

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07/31/2020 | 02:19pm EDT

The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal.

DATE      TIME  RELEASE                    PERIOD     CONSENSUS    PREVIOUS 
Monday    0945  Markit Mfg PMI              Jul       N/A           51.3* 
          1000  ISM Mfg PMI                 Jul       53.8   (13)   52.6 
          1000  Construction Spending       Jun      +1.2%   (8)   -2.1% 
Tuesday   1000  Factory Orders              Jun      +5.0%   (8)   +8.0% 
Wednesday 0815  ADP Jobs                    Jul      +950K   (6)   +2369K 
          0830  U.S. Trade Deficit          Jun      $50.4B  (10)  $54.6B 
          0945  Markit Services PMI         Jul       N/A           49.6* 
          1000  ISM Non-Mfg PMI             Jul       55.1   (12)   57.1 
Thursday  0830  Jobless Claims              Aug 1     1400K  (7)    1434K 
Friday    0830  Nonfarm Payrolls            Jul      +1264K  (12)  +4800K 
          0830  Unemployment Rate           Jul       10.6%  (12)   11.1% 
          0830  Avg. Hourly Wages M/M**     Jul      -0.7%   (8)   -1.18% 
          0830  Avg. Hourly Wages Y/Y**     Jul      +4.0%   (6)   +5.04% 
          1000  Wholesales Inventories      Jun      -2.0%   (5)   -1.2% 
          1500  Consumer Credit             Jun     +$10.0B  (3)  -$18.2B 
*July Flash Reading 
**All private-sector workers 
(Figures in parentheses refer to number of economists surveyed.) 

Write to Donna Huneke at dataweekahead@wsj.com


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