Industry players and industry experts on Wall Street are all looking forward to some exciting reports that will be released in the next few days. Some of the reports will provide some insight on how the economy of the United States is thriving after nearly three months under President Donald Trump.
According to the Bloomberg Markets' Economic Calendar, the MBA mortgage applications report, ADP employment report and EIA petroleum status report will be released on Wednesday, March 8. Thursday, March 9, will see the release of the Challenger job-cut report, the jobless claims report and import and export prices report, among others. On March 10, Friday, the employment situation report will be unveiled, as well as the Treasury budget.
The reports will provide updates on the status of job creation in the United States. Trump took the presidential seat in January, so his actions are not yet expected to have a significant impact on the reports at least until September.
Trump's campaign has centered on the promise to increase the number of jobs available to American citizens. The U.S. president has criticized immigrants who he claimed are out to steal jobs from U.S. citizens. Jobs & Hire previously reported that Trump was working on job creation plans with 15 chief executive officers.
CNBC reported that out of all the reports that will be released this week, the most important one is the Bureau of Labor Statistics' nonfarm payrolls count for February. Industry estimates show that the number of jobs in February will be a considerable decline compared with the figure seen in January.
The global market is waiting for Trump's reaction should the job figures come in weak in February. His actions following the release of the report will determine the direction that the U.S. is heading when it comes to job creations.