This week: job openings, Nike earnings and September jobs report
On Tuesday, the Labor Department releases data on job openings for August and shoe giant Nike reports its latest quarterly results
A look at some of the key business events and economic indicators upcoming this week.
JOB OPENINGS
On Tuesday, the Labor Department releases data on job openings for August.
In July, there were about 7.7 million open jobs posted, down from 7.9 million in June and the fewest since January 2021. Openings have fallen steadily this year, from nearly 8.8 million in January. Analysts are expecting job postings fell again in August, though modestly.
JOLTS job openings, in millions, by month:
March: 8.36
April: 7.92
May: 8.23
June: 7.91
July: 7.67
Aug. (est.): 7.73
Source: FactSet
NIKE REPORTS
Sportswear giant Nike reports its first-quarter earnings after the closing bell on Tuesday.
Analysts forecast that Oregon-based Nike profit fell sharply to 52 cents per share in the period. Nike's stock has lost about 17% this year and this month it named Elliott Hill as its president and CEO, replacing John Donahoe.
HIRING
The Labor Department serves up its comprehensive September jobs report Friday before markets open.
Analysts are forecasting that U.S. employers added 145,000 jobs in September, up slightly from August. With inflation largely tamed, the Federal Reserve recently issued its first interest rate cut in four years as it shifts its focus to supporting the broader economy and a cooling labor market.
Nonfarm payrolls, monthly change, seasonally adjusted:
April: 108,000
May: 216,000
June: 118,000
July: 89,000
Aug.: 142,000
Sept. (est.): 145,000
Source: FactSet.
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