Economic Events on February 3, 2012

The Monster Employment Index for January was released today, and the index moved down 7 points from last month to a value of 133, but is 9% higher than last January’s value.

At 8:30 AM EDT, the Employment Situation report for January will be announced, and the consensus for non-farm payrolls is an increase of 135,000 jobs compared to 200,000 in the previous month, the consensus for the unemployment rate is that it will remain at 8.5%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.4 hours.

At 10:00 AM Eastern time, the Factory Orders report for December will be released.  The consensus is that there was an increase of 1.5% in orders from the previous month.

Also at 10:00 AM Eastern time, the ISM non-manufacturing index for January will be released.  The consensus estimate is that increased by 0.7 points to a value of 53.3, and will continue to signal economic growth as it remains above the mid-point of 50.

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