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Economic Events on March 3, 2011
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7:21 am
March 3, 2011


B.P.T.

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The Monster Employment Index for February was released today, and the index moved up 8 points to a value of 130, which is 4% higher than last February’s value.

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 395,000 new jobless claims last week, which would would be 4,000 more than the number released last week.

Also at 8:30 AM EST, the Productivity and Costs report for the fourth quarter of 2010 will be released.  The consensus is that non-farm productivity increased by 2.6% in the last quarter and labor unit costs decreased 0.3%.

At 10:00 AM EST, the ISM non-manufacturing index for February will be released.  The consensus estimate is that it decreased 0.4 points last month to a value of 59.0, and will continue to signal economic growth as it remains above the mid-point of 50.

At 10:30 AM EST, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM EST, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EST, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.


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