This Week: Consumer confidence, Beige book, Nonfarm payrolls

Nov 28, 2021, 8:00 AM | Updated: 10:08 pm

A look at some of the key business events and economic indicators upcoming this week:

EYE ON CONSUMERS

The Conference Board delivers its monthly index of U.S. consumer confidence Tuesday.

The November index is expected to show a reading of 110.9, which would be down from 113.8 in October, when consumer confidence rose as the public’s anxiety about the delta variant of the coronavirus appeared to abate. A reading of 90 or better reflects a healthy economy. Spending by consumers makes up about 70% of all economic activity in the U.S., so economists pay close attention to the index.

Consumer confidence, by month:

June 128.9

July 125.1

Aug. 115.2

Sept. 109.8

Oct. 113.8

Nov. (est.) 110.9

Source: FactSet

ECONOMIC SNAPSHOT

The Federal Reserve serves up a report Wednesday based on its survey of business conditions across the U.S.

The report, dubbed the beige book, is a snapshot of how business are doing in the Fed’s 12 regional bank districts. October’s report found that the economy faced a number of headwinds at the start of the month, ranging from supply-chain disruptions and labor shortages to uncertainty about the delta variant of COVID.

ALL ABOUT JOBS

Economists predict hiring in the U.S. accelerated in November for the second month in a row.

The Labor Department is expected to report Friday that nonfarm employers added 550,000 jobs in November. That would be up from 531,000 in October. Employers have picked up the pace on hiring in recent weeks, a sign the recovery from the pandemic recession is overcoming a virus-induced slowdown.

Nonfarm payrolls, monthly change, seasonally adjusted:

June 962,000

July 1,091,000

Aug. 483,000

Sept. 312,000

Oct. 531,000

Nov. (est.) 550,000

Source: FactSet

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Jim Obergefell speaks during the National LGBT 50th Anniversary Ceremony, July 4, 2015, in front of...
Associated Press

Jim Obergefell, face of gay marriage, to run for Ohio House

TOLEDO, Ohio (AP) — Gay rights advocate Jim Obergefell, whose name was atop the U.S. Supreme Court case legalizing same-sex marriage nationwide, announced Tuesday that he’s running for a seat in the Ohio legislature. Obergefell, a Democrat, said he wants Ohio to be a place where people feel they have equal opportunity. He was the […]
1 day ago
Associated Press

Europe narrows hunt for next astronauts, eyes crewed flights

BERLIN (AP) — The European Space Agency has narrowed down the candidate list for its next generation of astronauts, including dozens who have a physical disability. The agency announced last year that it had received a record number of 22,589 applicants from people hoping to become the continent’s next generation of space travelers. ESA said […]
1 day ago
Bulgaria's Prime Minister Kiril Petkov, left, and North Macedonia's Prime Minister Dimitar Kovacevs...
Associated Press

Bulgarian PM visits North Macedonia to boost battered ties

SKOPJE, North Macedonia (AP) — The new prime ministers of North Macedonia and Bulgaria agreed Tuesday to redouble efforts to improve relations between the Balkan neighbors, which soured after Bulgaria blocked North Macedonia’s bid to join the European Union. Bulgarian Prime Minister Kiril Petkov’s visit to Skopje came only two days after North Macedonia’s parliament […]
1 day ago
In this handout photo released by Russian Foreign Ministry Press Service, Russian Foreign Minister ...
Associated Press

Russia moves more troops westward amid Ukraine tensions

MOSCOW (AP) — Russia is sending troops from the country’s far east to Belarus for major war games, officials said Tuesday, in a deployment further beefing up Russian military assets near Ukraine amid Western fears of an invasion. Deputy Defense Minister Alexander Fomin said the drills are intended to practice a joint response to external […]
1 day ago
FILE - A logo adorns a wall on a branch of the Israeli NSO Group company, near the southern Israeli...
Associated Press

Israel lawmakers outraged over claim police used NSO spyware

JERUSALEM (AP) — Israeli lawmakers on Tuesday called for a parliamentary inquiry into the police’s alleged use of sophisticated spyware on Israeli citizens, including protesters opposed to former Prime Minister Benjamin Netanyahu, following a newspaper report on the surveillance. Hebrew-language business newspaper Calcalist reported that in 2020, police used the NSO spyware Pegasus to surveil […]
1 day ago
FILE - A passenger walks past a Southwest Airlines plane at Sky Harbor International Airport in Pho...
Associated Press

EXPLAINER: Why airlines fear 5G will upend travel this week

The airline industry is raising the stakes in a showdown with AT&T and Verizon over plans to launch new 5G wireless service this week, warning that thousands of flights could be grounded or delayed if the rollout takes place near major airports. CEOs of the nation’s largest airlines say that interference from the wireless service […]
1 day ago

Sponsored Articles

...

Compassion International Is Determined to ‘Fill’ a Unique Type of Football ‘Stadium’

Compassion International SPONSORED — During this fall’s football season—and as the pandemic continues to impact the entire globe—one organization has been urging caring individuals to help it “fill” a unique type of “stadium” in order to make a lasting difference in the lives of many. Compassion International’s distinctive Fill the Stadium (FtS, fillthestadium.com) initiative provides […]
...

What are the Strongest, Greenest, Best Windows?

Lake Washington Windows & Doors SPONSORED — Fiberglass windows are an excellent choice for window replacement due to their fundamental strength and durability. There is no other type of window that lasts as long as fiberglass; so why go with anything else? Fiberglass windows are 8x stronger than vinyl, lower maintenance than wood, more thermally […]
...

COVID Vaccine is a Game-Changer for Keeping our Kids Healthy

Snohomish Health District SPONSORED — Cheers to the parents and guardians who keep their kids safe and healthy. The dad who cooks a meal with something green in it, even though he’s tired and drive-thru burgers were tempting. The mom who calms down the little one who loudly and resolutely does NOT want to brush […]
...
Experience Anacortes

Coastal Christmas Celebration Week in Anacortes

With minimal travel time required and every activity under the sun, Anacortes is the perfect vacation spot for all ages.
...

Delayed-Onset PTSD: Signs and Symptoms

Lakeside-Milam Recovery Centers SPONSORED — You’re probably familiar with post-traumatic stress disorder. Often abbreviated as PTSD, this condition is diagnosed when a person experiences a set of symptoms for at least a month after a traumatic event. However, for some people, these issues take longer to develop. This results in a diagnosis of delayed-onset PTSD […]
...

Medicare open enrollment ends Dec. 7. Free unbiased help is here!

Washington State Office of the Insurance Commissioner SPONSORED — Medicare’s Open Enrollment Period, also called the Annual Election Period, is Oct. 15 to Dec. 7. During this time, people enrolled in Medicare can: Switch from Original Medicare to a Medicare Advantage plan and vice versa. Join, drop or switch a Part D prescription drug plan, […]
This Week: Consumer confidence, Beige book, Nonfarm payrolls