Business week ahead, October 4-9
The U.S. Labor Department issues a number of employment-related reports this week. Credit: AP/Rich Pedroncelli
KEY EVENT: The Labor Department on Friday releases the number of new jobs created and the unemployment rate in September. In August, hiring slowed dramatically because employers grew cautious as the COVID-19 delta variant spread throughout the United States. The state Labor Department releases Long Island jobs created in September on Oct. 21
MONDAY: Automakers report September car and truck sales. Also, the Commerce Department releases August factory orders.
TUESDAY: The Institute for Supply Management releases the September services-sector survey. The report updates activity in the crucial nonmanufacturing segment of the economy that includes retail, technology and leisure and hospitality. Earnings: PepsiCo.
WEDNESDAY: An estimate of private-sector jobs created in September from payrolls processor ADP. Also, the Small Business Development Center at Farmingdale State College holds a free "Digital Marketing Virtual Workshop," 10:30 a.m.-noon. Topics include the importance of logos and how to use Google to increase market share. To register, go to bit.ly/SBDC-marketing. Earnings: Levi Strauss.
THURSDAY: Jobless benefits claims for the week ended Oct. 2 from the Labor Department. Earnings: Birds Eye owner Conagra Brands.
FRIDAY: In addition to jobs created and the unemployment rate, the Labor Department releases workers’ average wages in September.
