Charles Payne

It's back...the jobs report, that is. The key economic calendar starts again this week as we review important data releases, culminating with the latest on employment in America. In the grand scheme of things, even a "good" report will not be anything like the kind of jobs growth that is long overdue in this nation -based on Economics 101.

Key Economic Reports

Date

Data

Est.

Monday

Pending Homes

1.0%

Tuesday

Consumer Confidence

83.6%

Wednesday

ADP

215,000

GDP

1.0%

FOMC

Taper

Thursday

ISM

54.5

Personal Income

0.4%

Personal Spending

0.6%

Construction

0.4%

Friday

Jobs

205,000

Unemployment Rate

6.6%

Wages

0.2%

Thus, the resolve of business and its will to be great has made a huge difference in the face of government efforts to remake the nature and purpose of America's economy.

Now, there are glimmers that the same business economic DNA is now having to fend off the interest of environmentalists, unions, and the redistributionist crowd that are trying to grow. I think about our economy the same way I think about the aftermath of Chernobyl, which was supposed to be uninhabitable to most forms of life for hundreds of years.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.