Headlining today's events is the August

employment report

(

definition |

chart |

source

). The closely watched measure is not likely to change the course of monetary policy, but rather confirm the view that the economy is slowing down.

Also today, the August

Purchasing Managers' Index

(

definition |

TST Recommends

chart |

source

) is released.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Nonfarm payrolls for August. Source: Labor Department. Forecast: +7,000. Previous: -108,000.
  • 8:30 a.m.: Average hourly earnings for August. Source: Labor Department. Forecast: +0.3%. Previous: +0.4%.
  • 8:30 a.m.: Unemployment rate for August. Source: Labor Department. Forecast: 4.0%. Previous: 4.0%.
  • 8:30 a.m.: Augmented unemployment rate for August. Source: Labor Department. Forecast: n.a. Previous: 7.0%.
  • 8:30 a.m.: Pool of available workers. Source: Labor Department. Forecast: n.a. Previous: 10.128M.
  • 9:40 a.m.: Future inflation gauge for August. Source: Economic Cycle Research Institute. Forecast: n.a. Previous: 121.5.
  • 10 a.m.: Purchasing Managers' Index for August. Source: National Association of Purchasing Management. Forecast: 51.9. Previous: 51.8.
  • 10 a.m.: Construction Spending for July. Source: Census Bureau. Forecast: +0.2%. Previous: -1.7%.
  • 10 a.m.: Consumer Sentiment Index for July. Source: University of Michigan. Forecast: 108.2. Previous: 107.8 (August preliminary), 108.3 (July).