Consumer Loans, Jobs, Costco Wins


A look at some of the major business events and economic indicators coming up this week:

The Federal Reserve released its latest monthly statement of US consumer loans on Tuesday.

The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing up $ 25 billion in October, down from a gain of $ 29.9 billion on the month previous. Americans stepped up their use of credit this spring, but the pace has slowed since borrowing jumped nearly $ 36 billion in June.

Consumer credit, monthly change, seasonally adjusted, in billions of dollars:


May 32.7

June 35.5

July 16.6

August 13.8

September 29

Oct (est.) 25.0

Source: FactSet

HELP ALWAYS WANTED

A new Department of Labor survey of job openings is expected to provide some insight into the health of the U.S. job market.

The number of available jobs has exceeded 10 million since June. The record before the pandemic was 7.5 million. The demand for new hires comes as more Americans quit their jobs, in many cases for more money as companies increase wages to fill vacant positions. The count of October job vacancies is expected on Wednesday.

JOLTS jobs, in millions, per month:

April 9.19

9.48 May

June 10.19

11.10 July

August 10.63

10.44 Sep

Source: FactSet

IN THE CLUB

Wall Street expects another solid quarterly snapshot from Costco Wholesale.

Analysts predict that the warehouse club operator will report on Thursday that its profits and revenues increased in its fiscal first quarter compared to the same period last year. This would echo the company’s results in its most recent fiscal year, which ended in August. Costco, based in Issaquah, Wash., Has previously reported strong annual sales growth in September, October and November.


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