2024-12-02 11:31:39 :
Take a look at some of the key business events and economic indicators coming up this week.
under construction
The Commerce Department released its latest snapshot of U.S. construction spending on Monday.
Economists expect spending to fall 0.1% month-on-month in October. Spending rose 0.1% in September to a seasonally adjusted annual rate of $2.15 billion. U.S. construction spending increased 4.6% year-on-year in September.
Construction spending, monthly percentage change, seasonally adjusted:
Source: Fact Set
Not just soup
Campbell Co. provided its latest quarterly results on Wednesday.
Wall Street analysts expect the company’s first-quarter adjusted earnings per share to be 87 cents on revenue of about $2.8 billion. That would be lower than its profit but higher than revenue in the same period last year. Campbell’s, which owns more than a dozen packaged food brands including Pepperidge Farm cookies, V8 juice and Prego pasta sauce, won shareholder approval in November to change its name from Campbell Soup.
Focus on recruiting
Economists predict U.S. hiring will rebound in November after slowing sharply last month.
They expect the Labor Department to report on Friday that nonfarm employers added 177,500 jobs in November. Previously, only 12,000 jobs were added in October, when strikes and the impact of hurricanes left many workers temporarily out of work.
Nonfarm payroll employment, monthly change, seasonally adjusted:
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