The Commerce Department issues its December snapshot of construction spending Monday
A look at some of the key business events and economic indicators upcoming this week:
ECONOMIC BELLWETHER
The Commerce Department issues its December snapshot of construction spending Monday.
Spending on construction projects rose a solid 0.6% in November as gains in homebuilding and government projects offset weakness in nonresidential construction. Economists project that construction spending increased by 0.5% in December.
Construction spending, monthly percent change, seasonally adjusted:
July 0.5
Aug. 1.1
Sept. 0.7
Oct. 0.1
Nov. 0.6
Dec. (est.) 0.5
Source: FactSet
MIXED RESULTS?
Wall Street expects that Disney’s latest quarterly report card will show mixed results.
Analysts predict the entertainment giant’s fiscal first-quarter earnings declined from a year earlier, even as revenue increased. Investors will be listening for an update on the company’s video streaming service, which launched in November. Disney serves up its results Tuesday.
ALL ABOUT JOBS
Economists predict hiring in the U.S. rebounded in January after falling the previous month.
They expect the Labor Department will report Friday that nonfarm employers added 157,500 jobs in January. That would represent an increase from December, when the economy added 145,000 jobs. Recent gains show the job market remains solid, even if hiring and wage gains have slowed somewhat.
Nonfarm payrolls, monthly change, seasonally adjusted:
Aug. 219,000
Sept. 193,000
Oct. 152,000
Nov. 256,000
Dec. 145,000
Jan. (est.) 157,500
Source: FactSet