2023-01-06 09:45:01 $ECON Economic Data
01/06/23 01/0609:45 01/06/2309:45 | For the U.S. jobs data impact on other December reportsFor the U.S. jobs data impact on other December reports, analysts expect a personal income gain of 0.2%. Analysts expect a 0.2% rise in compensation, given a -0.1% drop for hours-worked but a 0.3% gain for hourly earnings. Analysts expect the savings rate to bounce to 2.6% from 2.4% in November and a 17-year low of 2.2% in October that is the second lowest rate ever for a series that extends back to 1959. The only lower rate was a 2.1% figure in July of 2005. Analysts peg disposable income growth at 5.7% in Q4 after a 5.4% Q3 pace. Industrial production is poised for a flat December figure. Hours-worked fell -0.2% for factories but rose 0.4% for mining. Analysts expect a vehicle assembly rate bounce to 10.5 M from 10.3 M. Analysts expect a 2.0% utility increase to a new record-high with cold December weather. Analysts expect a industrial production growth rates of 0.2% in Q4 and -0.2% in Q1, after rates of 1.7% in Q3 and 5.0% in Q2, and 4.7% in Q1. For construction, analysts saw a 28k December payroll rise with a 0.6% hours-worked gain, and analysts expect a -0.5% construction spending drop. |
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