Economic Data Forecasts For The Weeks Of Dec. 8 And 15

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation
Week of December 8
December 8
International Trade in Goods - September	-$64.0B	-59.6
International Trade in Goods - October	-$65.0B

December 9
NFIB Small Business Optimism Index -November	98.2	98.2

Productivity - Q3 (r)	3.5%	3.3
Unit Labor Costs	1.3


JOLTS-September	7.200M	7.227
JOLTS-October	7.200

December 10
Employment Cost Index	0.9%	0.9

Wholesale Inventories - October (p)	0.2%	0.0
Wholesale Sales

FOMC	3.625	3.875
Treasury Budget - November	-$225.0B	-284.4

December 11		Sept
Producer Price Index - November	0.3%	0.3
PPI less food, energy and trade services	0.2	0.1

Initial Unemployment Claims	215K	191

Week of December 15
December 15
NY Fed Manufacturing Index	12.0	18.7
NAHB Index	38	38

December 16
Nonfarm Payrolls - October	-5K	119
Private	45	97
Manufacturing	-5	-6
Unemployment	4.7%	4.4
Average Workweek	34.1HR	34.2
Average Hourly Earnings	0.3%	0.3

Nonfarm Payrolls - November	35K
Private	40
Core Private*
Unemployment	4.4%
Average Workweek	34.1HR
Average Hourly Earnings	0.3%

Industrial Production - November	0.2%	0.1
Capacity Utilization	0.1	0
Manufacturing	75.9	75.9

Retail Sales - October	0.3%	0.2
Retail Sales, ex Autos	0.4	0.3

Business Inventories - September	0.1%	0.2

December 18
Philadelphia Fed Survey	2.2	-1.7

Consumer Price Index - October	0.3%	0.3
Core CPI	0.2	0.2
Energy

Consumer Price Index - November	0.3%
Core CPI	0.2
Energy

December 19
Existing Home Sales - November	4.100M	4.100
Michigan Consumer Sentiment - December (r)	53.3	53.3

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