This holiday-shortened week should be a quiet one for Wall Street. Appropriately, Labor Day week will be highlighted by news that affects American workers, including a key layoff report.
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Tuesday, September 5
LAYOFF REPORT: The outplacement firm Challenger, Gray & Christmas will release its tally of announced job cuts in August.
Wednesday, September 6
PRODUCTIVITY: The Commerce Department will update its estimate for second-quarter productivity growth among U.S. workers.
SERVICE INDEX: The Institute for Supply Management will reveal the latest results of its nonmanufacturing index, which gauges the health of the service economy.
BEIGE BOOK: The Federal Reserve Board will release its so-called Beige Book, which offers anecdotal evidence of economic conditions in each of the Fed's 12 districts nationwide.
Thursday, September 7
ASIA-PACIFIC ECONOMIC FORUM: Treasury Secretary Henry Paulson will be in Vietnam to address the Asia-Pacific Economic Cooperation forum.
FED SPEAK: Janet Yellen, president of the Federal Reserve Bank of San Francisco--and a leading voice at the Fed--will address a lunchtime gathering in Boise, Idaho.
EARNINGS TO WATCH: Korn Ferry, National Semiconductor, and Sharper Image
Friday, September 8
CONSUMER CREDIT: The Federal Reserve will release the latest trends in consumer borrowing.
