Economy Week Ahead: U.S. Job Market and Consumer Spending in Focus


S&P Global releases its S&P CoreLogic Case-Shiller National Home Price Index, which will show September home prices. Home prices fell 1.1% in August from July, the biggest month-on-month decline since December 2011.

The Conference Board publishes its November-confidence index, which measures US sentiment on jobs and the economy. Consumer confidence fell in October – the index’s first drop in three months – due to concerns about rising inflation and weak sentiment in the labor market.


The Department of Labor releases information for October about job openings, resignations, hires and layoffs. Employers had 10.7 million job openings in September, an increase of 437,000 from the previous month, indicating that demand for workers remains strong. September openings were on top of the 5.8 million job seekers that month.

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Federal Reserve Chairman Jerome Powell delivers comments on the US economy and labor market at the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy.

The European Union’s statistics office has released inflation figures for November for the 19 eurozone countries. Consumer prices for the bloc were up 10.7% in October from the same month last year. This was the fastest since records began in 1997.

The National Association of Realtors reported an increase in home sales based on contract signings in October. Pending home sales fell in September for the fourth consecutive month as rising interest rates and lower home prices intensified.

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The Fed publishes its periodic data collected from businesses around the country, called the Beige Book. The report will also include business data on inflation, employment and output growth.


The Commerce Department releases data on US household spending in October. Consumer spending rose 0.6% in September from the previous month as Americans spent more on housing, transportation, food and utilities. The department also produces its own price index, which is monitored by the Fed. The so-called core PCE-price index, which does not include the cost of food and energy, strengthened in September to an increase of 5.1% year-on-year – the fastest pace since March.

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The US Department of Labor reports the number of workers who filed for unemployment benefits in the week ending Nov. 26.

S&P Global and the Institute for Supply Management released a November survey of consumer managers that gauge economic activity in the US manufacturing sector. S&P Global also releases November manufacturing indexes for other countries.


The Labor Department releases its November jobs report that details job gains, the unemployment rate and wages. Wage growth remained strong in October as the unemployment rate rose to 3.7% from the half-year low of 3.5% registered last month.

Write to Bryan Mena at [email protected]

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