Jobs Report, Manufacturing PMI, and ISM Services Data to Influence Market Outlook This Week

As traders gear up for another significant week in the financial markets, a series of vital economic data releases that could impact market conditions are on the horizon. On Monday, the Chicago PMI will be released, providing insights into the health of the manufacturing sector, along with a speech from Federal Reserve Chairman Jerome Powell. Tuesday will bring the ISM Non-Manufacturing PMI, offering a look at the performance of the services sector. The week will cap off on Friday with the much-anticipated nonfarm payrolls report, a key measure of labor market strength.

Key Economic Events to Monitor:

• Chicago PMI – Monday, September 30, 9:45 AM ET (Forecast: 46.1, Previous: 46.1)
• Fed Chair Powell Speaks – Monday, September 30, 1:55 PM ET
• Manufacturing PMI – Tuesday, October 1, 9:45 AM ET (Forecast: 47.0, Previous: 47.9)
• JOLTs Job Openings – Tuesday, October 1, 10:00 AM ET (Forecast: 7.640M, Previous: 7.673M)
• ISM Manufacturing PMI – Tuesday, October 1, 10:00 AM ET (Forecast: 47.6, Previous: 47.2)
• ADP Nonfarm Employment Change – Wednesday, October 2, 8:15 AM ET (Forecast: 124K, Previous: 99K)
• EIA Crude Oil Inventories – Wednesday, October 2, 10:30 AM ET (Previous: -4.471M)
• Initial Jobless Claims – Thursday, October 3, 8:30 AM ET (Forecast: 221K, Previous: 218K)
• Services PMI – Thursday, October 3, 9:45 AM ET (Forecast: 55.4, Previous: 55.7)
• ISM Non-Manufacturing PMI – Thursday, October 3, 10:00 AM ET (Forecast: 51.6, Previous: 51.5)
• Nonfarm Payrolls – Friday, October 4, 8:30 AM ET (Forecast: 144K, Previous: 142K)
• Unemployment Rate – Friday, October 4, 8:30 AM ET (Forecast: 4.2%, Previous: 4.2%)
• Average Hourly Earnings – Friday, October 4, 8:30 AM ET (Forecast: 0.3%, Previous: 0.4%)

This week promises to be critical for traders looking to navigate the evolving economic landscape.