Economic Calendar: March 5-March 9

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, March 5 10 a.m. ISM Services - Non-Manufacturing for February Institute for Supply Management 54.3 57.5 59.0 59.0 Tuesday, March 6 8:30 a.m. Productivity for Q4 -- revised Labor Department +1.6% +1.7% see Actual +3.0% (Q4 - prelim.) -0.5% +0.2% (Q3) Unit labor costs +6.6% n.a. see Actual +1.7% (Q4 - prelim.) +1.1% +2.3% (Q3) 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended March 3 International Council of Shopping Centers and UBS -0.4% n.a. +0.2% +0.2% 9 a.m. Johnson Redbook Retail Sales Index for the week ended March 3, vs. January Redbook Research +2.9% n.a. -1.1% -1.2%* 10 a.m. Factory orders for January Census Bureau -5.6% -4.0% +2.6% +2.4% 2 p.m. Bernanke speech Federal Reserve The Fed chairman speaks to Independent Community Bankers Association on the topic: Government Sponsored Enterprises Wednesday, March 7 9 a.m. Mortgage Applications Survey for the week ended March 2 -- Market Composite Index Mortgage Bankers Association 671.6 n.a. 626.1 626.1 Purchase Index 405.3 n.a. 401.3 401.3 9 a.m. Consumer Comfort Index for the week ended March 4 ABC News and Washington Post unchgd. n.a. -1 -1 2 p.m. Beige Book Federal Reserve The Fed's anecdotal report on economic conditions around the country is for consideration at the Federal Open Market Committee's March 21st meeting. Thursday, March 8 8:30 a.m. Initial Jobless Claims for the week ended March 3 Labor Department +328,000 +335,000 +338,000 +338,000 Four-week average +339,000 n.a. +335,000 +335,000 2:30 p.m. Treasury auction announcement Bureau of the Public Debt The Treasury announces the size of its next monthly ten-year note auction, next Tuesday. Friday, March 9 8:30 a.m. Nonfarm payrolls for February Labor Department +97,000 +100,000 +146,000 +111,000 Average hourly earnings +0.4% +0.3% +0.2% +0.2% Unemployment rate +4.5% +4.6% +4.6% +4.6% Augmented unemployment rate unchgd. n.a. +7.3% +7.3% Pool of available workers unchgd. n.a. 12M 12M 8:30 a.m. International trade for January Commerce Department -$59.1B -$60.0B -$61.5B -$61.2B 10:30 a.m. Weekly Leading Index for the week ended March 2 Economic Cycle Research Institute unchgd. n.a. +3.2% +3.2%

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

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