Economic Forecasts for the Week of September 1st and 8th

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of September 1
September 1
Labor Day
September 2
Markit PMI Manufacturing Index - August	57.5	55.8	57.8
ISM (Mfg) - August	57.1	57.1	56.8
ISM Prices	58.0	59.5	58.0
Construction Spending - July	0.8%	-1.8	0.9
September 3
Auto Sales* - August	16.60M	16.48	16.60
Car Sales	8.00	8.00
Truck Sales	8.60	8.49
*SAAR, as published by Motor Intelligence
ADP Employment Report - August	120K	218	223
Factory Orders - June	11.1%	1.6	10.9
Durable Goods Orders
Nondurable Goods Orders
September 4
Initial Unemployment Claims	302K	298	300
International Trade - July	-$43.0B	-41.5	-42.3
Productivity - Q2 (r)	2.5%	2.5	2.4
Unit Labor Costs	0.6	0.6	0.5
ISM Services - August	57.2	58.7	57.5
September 5
Nonfarm Payrolls - August	220K	209	230
Private	210	198	220
Core Private*	170	164
Manufacturing	15	28	20
Unemployment	6.1%	6.2	6.1
Average Workweek	34.5Hr	34.5	34.5
Average Hourly Earnings	0.2%	0.2	0.2
*Core Private equals Private less Medical, Social Assistance, and Temp Services
Week of September 8
September 8
Consumer Credit - July	$17.2B	17.3	17.2
September 9
NFIB Small Business Optimism Index - August	95.7	95.7
JOLTS - July	4.721	4.671
September 10
Wholesale Inventories - July	0.4%	0.3	0.4
September 11
Treasury Budget - August	-$106B	-94.6
September 12
Retail Sales - August	0.3%	0.0	0.3
Retail Sales, ex Autos	0.3	0.1	0.3
Export Prices -August	-0.1%	0.0	-0.1
Import Prices	-0.8	-0.2	-0.4
Business Inventories - July	0.4	0.4	0.5
Michigan Consumer Sentiment - Sept (p)	83.5	82.5
Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.