JPMorgan Econ FI-United States-105611535

MichaelFeroli(1-212)834-5523MuratTasci(1-212)622-0288NorthAmericaEconomicResearchJPMORGANmichael.e.feroli@jpmorgan.commurat.tasci@jpmchase.comJPMorganChaseBankNAGlobalDataWatch28December2023DanielSilver(1-212)622-6039daniel.a.silver@jpmorgan.comUnitedStatesThuS&PGlobalservicesPMI(US)Jan4Index,saDatareleasesandforecasts9:45amFlashFinalSourcesforall:ADP/Moody’sAnalytics,BEA,BLS,CensusBureau,ConferenceBoard,DepartmentFriofLabor,FederalReserveBoard,ISM,J.P.Morganforecasts,NAHB,NAR,NFIB,NYFed,Philadel-Jan5OctNovDecDecphiaFed,S&PGlobal,Standard&Poor’s,UniversityofMichigan,USTreasury8:30amBusinessactivity50.650.851.351.3Incomingnewbusiness48.750.851.9Employment51.750.252.0Businessexpectations66.763.974.2Inputprices57.456.558.3Pricescharged53.756.255.3Backlogsofwork48.647.946.9TueS&PGlobalmanufacturingPMI(US)Labor-marketreportJan2Index,saSa9:45amFlashFinalSepOctNovDecComposite1OctNovDecDecPayrollemployment(ch,m/m,000s)50.049.448.248.2262150199150PrivatepayrollsNeworders(30%)50.949.647.1Goods-producingConstructionOutput(25%)51.250.549.0Manufacturing19985150105Employment(20%)49.049.249.5Service-providingPrivateservice-providingSup.del.(15%,inv.)50.850.752.2Wholesaletrade21-102915RetailtradeStksofpurch(10%)47.246.746.9ProfessionalservicesTemporaryhelpNewexportorders48.551.150.6Education/health92525Leisureandhospitalit...