Consumer Confidence, Campbell Soup Gains, Jobs Report
Consumer confidence, by month:
Wall Street expects improved results from Campbell Soup’s latest quarterly report.
Analysts predict Campbell, N.J., will post higher profits and revenue for the May-July quarter than a year ago. This would echo its results from the previous quarter. The maker of canned soup, Pepperidge Farm cookies and V8 juice raised its revenue forecast for the year in June, citing strong demand and improved profit margins thanks to higher prices. Campbell Soup reports its fourth fiscal quarter results on Thursday.
The Labor Department releases its monthly snapshot of hiring by nonfarm employers on Friday.
Economists predict employers added 290,000 jobs in August – the smallest gain since April 2021. In July, employers added a solid 528,000 jobs, which helped push the national unemployment rate down to 3, 5%, corresponding to a trough of more than 50 years.
Non-agricultural payroll, monthly change, seasonally adjusted: