US calendar sets up ADP, JOLTS and ISM services releases
Wednesday’s US data slate includes private payrolls, job openings, services activity and two weeks of mortgage application figures.
By Ingrid Halvorsen · Staff Writer
· 2 min read
U.S. investors face a concentrated set of economic releases on Wednesday, led by ADP’s December private-payrolls report at 8:15 a.m. ET, with a consensus estimate of 50,000 jobs added, according to Calculated Risk. That would follow a reported decline of 32,000 jobs in November and will arrive before separate government data on labor turnover and a services-sector reading later in the morning.
The first scheduled release is from the Mortgage Bankers Association at 7:00 a.m. ET. The MBA is due to publish results for its mortgage purchase applications index, with Calculated Risk noting that the release will cover two weeks of data.
The ADP Employment Report follows at 8:15 a.m. ET. Calculated Risk said the report covers private payrolls only and does not include government employment. The consensus cited by Calculated Risk is for a gain of 50,000 private-sector jobs in December, compared with a reported loss of 32,000 in November.
At 10:00 a.m. ET, the Bureau of Labor Statistics is scheduled to release the Job Openings and Labor Turnover Survey for November. The JOLTS report is one of the labor-market measures watched alongside payrolls data, although Wednesday’s schedule lists the release without a consensus figure.
The Institute for Supply Management is also scheduled to publish its December Services Index at 10:00 a.m. ET, according to Calculated Risk. The release will add a services-sector data point to a morning already focused on employment and housing-related credit demand.
Wednesday release schedule
- 7:00 a.m. ET: Mortgage Bankers Association mortgage purchase applications index, covering two weeks of data.
- 8:15 a.m. ET: ADP Employment Report for December, covering private payrolls only. Consensus cited by Calculated Risk: 50,000 jobs added, after a reported 32,000-job decline in November.
- 10:00 a.m. ET: Bureau of Labor Statistics Job Openings and Labor Turnover Survey for November.
- 10:00 a.m. ET: ISM Services Index for December.
Calculated Risk also noted that mortgage-rate figures referenced in its schedule are from Mortgage News Daily and apply to top-tier scenarios. No specific mortgage-rate level was listed in the schedule.
This story draws on original reporting from Calculated Risk.
