Construction spending, monthly percent change, seasonally adjusted: March 0.8 April 0.6 May -0.7 June -0.7 July 0.1 Aug. (est.) 0.4 Source: FactSet MIXED RESULTS? PepsiCo serves up its fiscal third-quarter results Thursday.
Wall Street expects the maker of Pepsi cola and Lays potato chips will report lower third-quarter earnings than a year earlier, even as revenue increased. That would echo PepsiCo's results in the second quarter, when the impact of foreign exchange rates weighed on the company's results.
HIRING PICKUP? Economists predict hiring in the U.S. rebounded in September after slowing the previous two months. They expect the Labor Department will report Friday that nonfarm employers added 140,000 jobs in September. U.S. employers added a modest 130,000 jobs in August, despite including a temporary boost from hiring workers for the 2020 Census.
Nonfarm payrolls, monthly change, seasonally adjusted: April 216,000 May 62,000 June 178,000 July 159,000 Aug. 130,000 Sept. (est.) 140,000 Source: FactSet