Monday Market Must-Knows: January 2, 2023

Is the trend of low unemployment rates shifting higher?

While the unemployment rate has been low for some time, there has recently been a shift and several slight increases in the rate have been observed. It is possible that this trend will continue as the holiday season passes and layoffs may occur.

Pay attention to the following announcements:

• JOLTS job openings report - Wednesday at 10 am EST
• ADP non-farm employment change numbers – Thursday at 8:15 am EST
• Unemployment Claims – Thursday 8:30 am EST
• Unemployment Rate – Friday at 8:30 am EST
  

There are also 37 companies reporting earnings this week, with most of the announcements coming on Thursday.