Tips From Top Forecaster: U.S. Economic Calendar (w40) | New Vehicle Sales, Change in Nonfarm Payrolls

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