Thursday (October 1st)
Wards Total Vehicle Sales for September – Bloomberg consensus: 15.60m(e) v 15.19m prior
🟢 Industry consultants J.D. Power and LMC Automotive said “The seasonally adjusted annualized rate (SAAR) for total sales is expected to be 15.7 million units, down 1.6 million units from a year ago.” In the meantime, Wards Intelligence expects sales to reach 16.2 million SAAR.
Friday (October 2nd)
Change in nonfarm payrolls for September – Bloomberg consensus: 850k(e) v 1371k prior
🔴 In its monthly report for September, Homebase pointed to “a decline in the number of employees working for the first time since the onset of the pandemic, ending a 6-month period of upward trajectory for small businesses.”
Looking at employment, we saw a decline in the number of employees working for the first time since the onset of the pandemic, ending a 6-month period of upward trajectory for small businesses. pic.twitter.com/SHTPf6yE2m
— homebase_data (@homebase_data) September 25, 2020
Homebase index of small business hiring analyzed by @stlouisfed dipped Labor Day week then recovered but still shows a small net decline in NSA employment since mid-August (although the household survey showed greater momentum than Homebase in Aug) pic.twitter.com/2wcMUWGiHH
— Julia Coronado (@jc_econ) September 21, 2020
🔴 Bill McBride recently highlighted that “September employment report will show a decrease of 41,403 temporary Census workers“.
September Employment Report Will Show a Decrease of 41,403 Temporary Census Workers https://t.co/DpA4Pxyx9T
— Bill McBride (@calculatedrisk) September 22, 2020