Publication date: Sept. 26, 2025
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The week ahead: labor figures in the US
In Money Care's weekend report, we present you with an overview of the (macroeconomic) events that could cause movement in the stock markets.
Looking back on last week:
Last week showed that US economic growth rose above expectations to 3.8% year-on-year. Economic growth in the US is thus going much faster than in the EU. New home sales in the US rose sharply in August 1. Expectations were 650,000 but with sales of 800,000 homes, it far exceeded expectations.
The Kern PCE Price Index, an important measure of the development of inflation in the US, was exactly in line with expectations. On an annual basis, the Kern PCE came in at 2.9%, which means that while inflation remains higher than desired, it did not increase. This was positively received by equity markets on Friday afternoon.
Upcoming week:
In the coming week, the publication of the monthly labor figures (Non-Farm Payrolls) is the most important macroeconomic event. A healthy development of the labor market is an objective of the Fed, which makes its interest rate policy partly dependent on the progress of the labor market. The expectation for the month of September is not high. The market takes into account an increase of only 39,000 new jobs outside the agricultural sector. The unemployment rate and the percentage increase in hourly earnings are expected to remain the same as in August at 4.3 and 0.3, respectively. The NFP will be presented on Friday at 2:30 p.m. and will cause additional volatility in equity markets.
The stock market calendar week 40
Here is the most important macroeconomic data for the coming week. The data may cause additional movement in the financial markets.
Monday, September 29, 2025:
Tuesday, Sept. 30, 2025:
EU:
Wednesday, October 1, 2025:
United States:
EU:
Thursday, October 2, 2025:
Friday, Oct. 3, 2025:
United States
Please note that dates and times of these events may change. For the most up-to-date information, please consult the official communication channels of the relevant organizations and governments.
Disclaimer: Investing involves 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.