This week: Jobs, Nike earnings and the September jobs report

Let’s take a look at some of the key business events and economic indicators coming up this week.

OPEN JOBS

On Tuesday, the Department of Labor will publish data on job vacancies for August.

About 7.7 million job vacancies were posted in July, down from 7.9 million in June and the lowest number since January 2021. Vacancies have continued to decline this year, down from almost 8.8 million in January. Analysts expect the number of job offers to decline again in August, albeit moderately.

JOLTS job offers, in millions, by month:

March: 8.36

April: 7.92

May: 8/23

June: 7/91

July: 7.67

August (est.): 7.73

Source: Fact

NIKE REPORTS

Sportswear giant Nike announces its first-quarter results on Tuesday after the closing bell.

Analysts forecast Oregon-based Nike’s profit fell sharply in the period to 52 cents per share. Nike shares have lost about 17% this year, and this month it named Elliott Hill as its president and CEO, replacing John Donahoe.

HIRING

The Labor Department released its comprehensive September jobs report on Friday before markets opened.

Analysts forecast that U.S. employers added 145,000 jobs in September, a slight increase from August. With inflation largely subdued, the Federal Reserve recently cut interest rates for the first time in four years, focusing on supporting the broader economy and cooling the labor market.

Non-agricultural employment, monthly change, seasonally adjusted:

April: 108,000

May: 216,000

June: 118,000

July: 89,000

August: 142,000

September (est.): 145,000

Source: Fact.