What to Expect in the Coming Week: Jobs Numbers and FED Rate Decision

TLDRThis week, investors are keeping an eye on the January jobs numbers and the FED rate decision as stocks remain muted. The key economic data point to watch is the PMIs, which are surveys of managers' activities and sentiments. Other trends to note include declining weekly hours, an increase in part-time jobs, and a decrease in temporary employment. However, education and health sectors show strong job growth. In terms of inflation, supply chain issues and global recovery may impact the US inflation cycle.

Key insights

📊The PMIs are the key economic data point to monitor this week, as they provide insights into managers' activities and sentiments.

⏰Weekly hours have been declining, indicating softer demand but employers' reluctance to lay off workers.

📈The education and health sectors have shown strong job growth, contributing to overall resilience in the job market.

📉There has been a shift towards more part-time jobs compared to full-time jobs, reflecting employers' flexibility in employment.

⚠️Temporary employment has declined by 10%, which is a recessionary indicator.

Q&A

What are the key economic data points to watch this week?

—The key economic data points to watch this week are the PMIs, which provide insights into managers' activities and sentiments, and the jobs report.

What are some concerning trends in the job market?

—Some concerning trends in the job market include declining weekly hours, an increase in part-time jobs, and a 10% decline in temporary employment.

Which sectors are showing strong job growth?

—The education and health sectors are showing strong job growth.

How might supply chain issues impact inflation?

—Supply chain issues can contribute to inflationary pressures by increasing costs and impacting global recovery.

What is the potential impact of inflation on the FED's actions?

—Inflation may limit the flexibility of the FED's actions in 2024, as supply chain issues and global inflation cycles become interconnected.

Timestamped Summary

00:10Investors are anticipating the January jobs numbers and the FED rate decision in the coming week, leading to muted stock markets.

00:32The key economic data point to watch this week is the PMIs, which provide insights into managers' activities and sentiments.

01:30Concerning trends in the job market include declining weekly hours, an increase in part-time jobs, and a 10% decline in temporary employment.

02:29The education and health sectors show strong job growth, contributing to overall job market resilience.

03:21Supply chain issues and global recovery may impact the US inflation cycle, potentially limiting the FED's actions in 2024.

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