Publication date: August 29, 2025
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The week ahead: Labor figures US
In Money Care's weekend report, we present the overview of the (macroeconomic) events that could cause movement in stock markets.
Review of last week:
The growth of the U.S. economy rose faster than expected. Gross Domestic Product for the second quarter rose 3.3%. It was expected to rise 3%. The Fed will factor this strong growth into its interest rate policy. The possibility of an interest rate cut in September has thus receded slightly. The equity markets dropped briefly after the publication but quickly recovered.
The market was looking forward to the figures of market darling Nvidia. The company published strong figures on Wednesday after trading hours. The price then fluctuated between $184 and $177 but is now back at $180. This is the pre-publication level.
Upcoming week:
In the coming week, the publication of monthly labor figures in the US (Non Farm Payrolls) is the most important macroeconomic event. The development of the labor market is a focal point for the Fed and will adjust its interest rate policy accordingly. US labor market growth expectations are modestly positive for August. For now, analyst expectations range from an increase of 78,000 to 106,000 new jobs outside the agricultural sector. This would represent a nice recovery on the 73,000 new jobs in the month of July. Average hourly earnings are expected to have increased 0.3% and the unemployment rate is expected to have risen from 4.2% to 4.3% in August.
Interpreting the figures is a combination of factors. Should hourly earnings have risen more than expected it will fuel inflation making an interest rate cut less likely. Should hourly earnings have risen more than expected but the number of new jobs is well below expectations then that could be interpreted as less favorable and the possibility of an interest rate cut could increase again. The NFP will appear Friday at 2:30 p.m.
Monday, September 1, U.S. stock markets are closed due to Labor Day celebrations.
The stock market calendar week 36
Herewith the most important macroeconomic data for the coming week. The data may cause additional movement in financial markets.
Monday, September 1, 2025:
Tuesday, September 2, 2025:
15.45 Manufacturing Purchasing Managers' Index August
16.00 ISM Manufacturing Purchasing Managers' Index August
Wednesday, September 3, 2025:
No important macroeconomic dates
Thursday, Sept. 4, 2025:
United States:
Friday, September 5, 2025:
United States:
Please note that dates and times of these events may change. For the most up-to-date information, it is advisable to consult the official communication channels of the relevant organizations and governments.
Disclaimer: Investinginvolves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.