1/4/10 – theGrio & CNBC Market Preview
Investors have lots of economic data to analyze during the first week of 2010 trading. Key reports are expected on manufacturing and chain store sales...
TheGrio and CNBC team up to deliver a preview of the week to come concerning money matters and market updates for our community.
CNBC’s Shartia Brantley reports that investors have lots of economic data to analyze during the first week of 2010 trading. Key reports are expected on manufacturing and chain store sales, but the biggest report of the week will be jobs.
Will the unemployment rate continue to decline? We’ll find out with the December jobs report. National unemployment dipped to 10 percent in November. African-American unemployment dipped slightly to 15.6 percent, while teen unemployment among African-Americans soared to 49.4 percent — the highest of any group.
Did retailers have a jolly holiday shopping season? We’ll find out with the December
chain store sales report. The November report showed a 0.3 percent drop compared
to last year and ended two months of gains.
We expect the latest report on manufacturing. The Institute for Supply Management November report had a reading of 53.6 percent. This was the fourth consecutive month of improvement although down from the previous month.
