Economic Calendar: March 1-5

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, March 1 8:30 a.m. Personal income for Jan. Commerce Department +0.2% +0.5% +0.3% +0.2% Consumption +0.4% +0.3% +0.5% +0.4% 10 a.m. Construction spending for Jan. Census Bureau -0.3% +0.3% +0.6% +0.4% 10 a.m. Manufacturing ISM for Feb. Institute for Supply Management 61.4 62.0 63.6 63.6 Tuesday, March 2 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended Feb. 28 International Council of Shopping Centers and UBS unchgd. n.a. -0.2% -0.2% 9 a.m. Redbook Retail Average for the week ended Feb. 28, vs. Jan. Redbook Research +5.8% n.a. +0.3% +0.3%* 12:30 p.m. Greenspan speech Federal Reserve The Fed chairman speaks to the Economics Club of New York. Wednesday, March 3 7 a.m. Mortgage Applications Survey for the week ended Feb. 27 -- Refinancing Index Mortgage Bankers Association 878.7 n.a. 854.5 854.5 Purchase Index 422.6 n.a. 423.5 423.5 10 a.m. ISM Services Non-Manufacturing Index for Feb. Institute for Supply Management 60.8 63.4 65.7 65.7 11 a.m. Consumer Comfort Index for the week ended Feb. 27 Money Magazine and ABC News -16 n.a. -13 -13 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 3 meeting. Thursday, March 4 8:30 a.m. Initial Jobless Claims for the week ended Feb. 28 Labor Department 345,000 345,000 352,000 350,000 Four-week average 352,250 n.a. 355,250 354,750 8:30 a.m. Productivity for Q4 -- revised Labor Department +2.6% +2.7% see Actual +2.7% (Q4 - prelim.) +9.5% +9.4% (Q3) Unit labor costs -0.4% n.a. see Actual -1.3% (Q4 - prelim.) -5.6% -5.8% (Q3) 10 a.m. Factory orders for Jan. Census Bureau -0.5% -0.6% +1.8% +1.1% Friday, March 5 8:30 a.m. Nonfarm payrolls for Feb. Labor Department 21,000 125,000 97,000 112,000 Average hourly earnings +0.2% +0.2% +0.3% +0.1% Unemployment rate unchgd. unchgd. +5.6% +5.6% Augmented unemployment rate +8.5% n.a. +8.6% +8.6% Pool of available workers 8.2M n.a. 8.3M 8.3M 9:40 a.m. Future Inflation Gauge for Feb. Economic Cycle Research Institute 116.0 n.a. 114.8 114.8 10:30 a.m. Weekly Leading Index for the week ended Feb. 27 Economic Cycle Research Institute +10.5% n.a. +10.5% +10.4%

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

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