US Economic Indicators: Chicago PMI, Consumer Confidence, and JOLTS Job Openings Scheduled for Tomorrow

US Economic Outlook for March 31, 2026

Market participants are closely watching the United States as several high-impact economic reports are scheduled for release tomorrow. These datasets will provide a comprehensive look at the health of the US economy at the end of the first quarter.

Key Events and Forecasts

• Chicago PMI (March):

  • Previous: 57.7
  • Forecast: 54.7
  • Context: This index measures the manufacturing activity in the Chicago region. A reading above 50 indicates expansion. While the forecast remains in expansionary territory, the projected drop from 57.7 to 54.7 suggests a significant deceleration in industrial growth.

• CB Consumer Confidence (March):

  • Previous: 91.2
  • Forecast: 88.0
  • Context: This survey measures the level of optimism that consumers have about the economy. A decline to 88.0 would indicate growing concerns regarding inflation or labor market stability, potentially impacting retail spending.

• JOLTS Job Openings (February):

  • Previous: 6.946M
  • Forecast: 6.900M
  • Context: The Job Openings and Labor Turnover Survey (JOLTS) provides insights into labor demand. A slight decrease to 6.900 million suggests the labor market is cooling slowly but remains tight relative to historical standards.

Market Impact to Watch

If these indicators fall significantly below forecasts, it may heighten recession fears, leading to volatility in equity markets and potentially increasing demand for safe-haven assets. Conversely, data that beats expectations could strengthen the US Dollar and reinforce expectations for a 'higher-for-longer' interest rate environment.