The Week Ahead: ADP Payroll Data, BLS's Nonfarm Reading And More

Ahead of the earnings season to kick-start later in the month, some of the economic data holds the key to the overall market sentiments. The job market is among them and plays a vital factor in driving the markets up or down.

The following are key data:

Wednesday

• ADP nonfarm employment data for September. Market expects an addition of 169,000 on top of 177,000 recorded in the previous month.

Thursday

• Weekly initial jobless claims. Analysts see 256,000 additions compared to 254,000 reported for the preceding week.

Friday

• Nonfarm roll is predicted to add 172,000 in September on top of 151,000 additions in the August.
• Private non-farm payrolls are expected to make 170,000 additions in September compared to 126,000 added in previous month.
• Unemployment rate is expected to remain flat at 4.9 percent on a month-over-month basis.
• Hourly earnings are predicted to grow 0.2 percent in September from 0.1 percent in August.
• Average workweek is expected to advance to 34.4 from 34.3.

At time of writing, SPDR S&P 500 ETF Trust SPY traded at $215.53, down 0.36 percent.