The economic data releases for the week ahead will be highlighted by the weakest (manufacturing) and strongest (labor) links in the U.S. economy. The manufacturing sector has been weak around the globe, evidenced by the growing number of country’s manufacturing sectors entering contraction. The manufacturing sector in the U.S. has not reached contraction yet, however, it has been slowing for some time and on the cusp of contraction. On the flip side, the current economic expansion has been driven by the historically strong labor market. Additionally, the longevity and future health of the U.S. economy hinges on the labor market remaining strong.
Read more from Ryan Nauman's Weekly Recap and subscribe to have it delivered to your inbox each week!