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Economy

The Week Ahead: CES, Jobs report, Conagra and Helen of Troy earnings

Here's what to watch in the consumer economy for Jan. 2-5.

The Week Ahead: CES, Jobs report, Conagra and Helen of Troy earnings

Welcome to a new year. The start of January brings a series of firsts. It’s the first week of the first month, and in it, we’ll find the first tradeshow, the first earnings reports and first economic indicators of 2023. Here are the happenings that will provide the first impressions on the consumer economy in 2023:

Events

CES 2023: The Consumer Technology Association’s annual extravaganza kicks off tradeshow season in Las Vegas. With a footprint that is 70% larger than 2022, the heralded expo will be back at full strength with a look at what’s coming next in tech, including a dedicated web3 and metaverse area. Keynotes will be livestreamed, including a session on community-building with Instacart and Netflix marketing leaders that is among the highlights of the agenda for commerce professionals. (Jan. 5-8)

Economic indicators

JOLTs: The US Bureau of Labor Statistics releases data on job openings and labor turnover for November 2022. Despite actions by the Federal Reserve to cool the economy, the recent trend has been steady increases in openings, which is a sign of a strong job market. (Jan. 4, 10 a.m.)

Jobs report: The US Bureau of Labor Statistics shares data on the number of new jobs in the economy and the unemployment rate for December 2022. For the first 11 months of the year, the economy continued to create new jobs and see low unemployment rates. The report will offer a glimpse of whether that is beginning to change. (Jan. 6, 8:30 a.m.)

Factory orders: The US Census Bureau releases monthly data on manufacturers’ shipments, orders and inventories for November 2022. Typically, this is a measure of durable goods, which are made to last for three years or more. (Jan. 6, 10 a.m.)

Earnings


The following publicly-traded ecommerce, retail and CPG companies will report earnings:

  • Thurs., Jan. 5: Conagra Brands, Constellation Brands, Walgreens Boots Alliance, Simply Good Foods, Helen of Troy

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