Jobs, consumer credit, Levi Strauss wins

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A look at some of the key trade events and economic indicators coming up this week:

The Department of Labor published a monthly overview of job openings in the United States on Tuesday.

Economists predict that the number of available jobs fell slightly in February to around 6.9 million from 6.92 million the previous month. Despite signs that the economy is recovering a year after the outbreak of the viral epidemic, the number of monthly job vacancies nationwide remains below the pre-pandemic level of at least 7 million.

JOLTS jobs, in millions, per month:

September 6.61

October 6.87

November 6.77


December 6.75

January 6.92

(Est.) 6.90

Source: FactSet

TAKE CREDIT

The Federal Reserve released its latest data on consumer borrowing on Wednesday.

The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $ 10.6 billion in February. This would follow a drop of $ 1.3 in January, the first drop in consumer credit since August. Consumer borrowing is being closely watched for indications of Americans’ willingness to accept more credit to finance their spending.

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

17.1 Sep

October 16

November 13

8.8 Dec

January -1.3

(Est.) 10.6

Source: FactSet

Everything about e-commerce

Wall Street expects another lackluster quarterly report from denim pioneer Levi Strauss & Co.

Analysts expect the company to report on Thursday that its fiscal first quarter earnings and revenue declined from a year earlier. Levi Strauss has focused on its online business to offset declining sales in physical stores, some of which have had to close due to restrictions linked to the pandemic.

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