Employment Report, ISM Mfg, Construction Spending

by Calculated Risk on 7/31/2025 08:11:00 PM

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Friday:
• At 8:30 AM ET, Employment Report for July.   The consensus is for 118,000 jobs added, and for the unemployment rate to increase to 4.2%.

• At 10:00 AM, ISM Manufacturing Index for July. The consensus is for the ISM to be at 49.8, up from 49.0 in June. 

• Also at 10:00 AM, Construction Spending for June. The consensus is for a 0.1% increase in construction spending.

• Also at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for July). 

• Late, Light vehicle sales for July from the BEA. The consensus is for light vehicle sales to be 16.2 million SAAR in July, up from 15.3 million in June (Seasonally Adjusted Annual Rate).