Economic Calendar: January 1-January 5

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, January 1 No releases because of New Year's Day Holiday. Tuesday, January 2 No releases. Wednesday, January 3 9 a.m. Mortgage Applications Survey for the week ended December 29 -- Market Composite Index Mortgage Bankers Association 575.6 n.a. 555.8 555.8 Purchase Index 406.9 n.a. 390.2 390.2 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended December 30 International Council of Shopping Centers and UBS +0.3% n.a. +2.0% +2.0% 9 a.m. Johnson Redbook Retail Sales Index for the week ended December 30, vs. November Redbook Research +3.2% n.a. -1.4% -1.6%* 9 a.m. Consumer Comfort Index for the week ended December 31 ABC News and Washington Post -3 n.a. -2 -2 10 a.m. Construction spending for November Census Bureau -0.2% -0.6% -0.3% -1.0% 10 a.m. ISM Index - Manufacturing for December Institute for Supply Management 51.4 50.0 49.5 49.5 2 p.m. Federal Open Market Committee minutes Federal Reserve The Fed releases the minutes of its monetary policymaking committee's December 12 meeting. Thursday, January 4 8:30 a.m. Initial Jobless Claims for the week ended December 30 Labor Department +329,000 +320,000 +319,000 +317,000 Four-week average +318,000 n.a. +316,000 +316,000 10 a.m. Factory orders for November Census Bureau +0.9% +1.4% -4.5% -4.7% 10 a.m. ISM Services - Non-Manufacturing for December Institute for Supply Management 57.1 57.0 58.9 58.9 Friday, January 5 8:30 a.m. Nonfarm payrolls for December Labor Department +167,000 +115,000 +154,000 +132,000 Average hourly earnings +0.5% +0.3% +0.3% +0.2% Unemployment rate unchgd.. +4.5% +4.5% +4.5% Augmented unemployment rate +7.2% n.a. +7.4% +7.4% Pool of available workers 11M n.a. 12M 12M 10:30 a.m. Weekly Leading Index for the week ended December 29 Economic Cycle Research Institute +3.7% n.a. +3.8% +3.8% 1:45 p.m. Bernanke speech Federal Reserve The Fed chairman speaks to Allied Social Science Assocations Conference on the topic: Central Banking and Bank Supervision in the United States

P-Preliminary forecast
*Month through previous Saturday, vs. prior month
Expectations as reported by Reuters

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