Word: workweek
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...rest of the week will be a pretty good one to find out how extraordinary the post Sept. 11 economic world really is. There's a decent flurry of numbers and news due, starting Tuesday with the Fed and ending Friday with unemployment, payrolls, hourly earnings and average workweek for September - figure on the foremost of those hitting 5 percent at long last...
...bombed, we ditched the cover we had planned (on a new Walt Disney movie called Dumbo) and switched to Admiral Husband E. Kimmel, commander in chief of the Pacific Fleet. (In those days we closed early in the week.) In this case, since we now close on Saturdays, the workweek had just begun, so we didn't have to throw anything out; we just started from scratch...
...bombed, we ditched the cover we had planned (on a new Walt Disney movie called Dumbo) and switched to Admiral Husband E. Kimmel, commander in chief of the Pacific Fleet. (In those days we closed early in the week.) In this case, since we now close on Saturdays, the workweek had just begun, so we didn't have to throw anything out; we just started from scratch...
...Economic types will remember that unemployment always rises coming out of a slowdown as well as into a recession, so even an unpleasant surprise like 4.7 or 4.8 doesn?t mean anything bad, necessarily. Unless consumers think it does. Other consumer numbers are folded into the report, namely average workweek and hourly earnings, and those?ll be the garnishes. And then there?s wholesale inventories for July - normally one to watch very closely, since those shelves have got to get emptied before the new day can dawn. But Tuesday?s NAPM report was for August, and that good news should...
...June and National Association Purchasing Managers for July (see CPMI, above). Thursday sets the table with weekly Initial Unemployment Claims and a new four-week rolling average to chew our nails over. And Friday brings it all back home with July?s non-farm payrolls, hourly earnings, and average workweek - and the headliner, which is expected to tick up once again to 4.6 percent...