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Employment report looms large today

Evan McDaniel (evan.mcdaniel@optionmonster.com)

Today's economic calendar is filled with important data, primarily focusing on the U.S. employment figures.

The week's biggest number is the government's non-farm payroll report, which can move markets drastically in either direction. This reading directly reflects the national unemployment rate.
8:30 a.m. ET

  • February non-farm payrolls: Forecast calls for 206,000 to 250,000 jobs versus January's 243,000.
  • February non-farm private payrolls: Forecast calls for 220,000 to 275,000 jobs versus January's 257,000.
  • February unemployment rate: Forecast calls for 8.3 percent, unchanged from January.
  • February hourly earnings: Forecast calls for 0.2 percent, unchanged from January.
  • February average workweek: Forecast calls for 34.40 hours versus January's 34.50 hours.
  • January trade balance: Forecast calls for -$48 billion versus the previous -$48.8 billion.

10 a.m. ET

  • January wholesale inventories: Forecast calls for 0.6 percent versus the previous 1 percent.

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