After the market closures Monday for the New Year holiday, labor market data will dominate this week’s calendar.

ADP’s new Employment Report will give us an update on private payrolls for December when it is released on Thursday. The latest Jobless Claims data will also be reported on Thursday while Friday brings the Bureau of Labor Statistics Jobs Report for December, which includes Non-farm Payrolls and the Unemployment Rate.

Also of note on Wednesday, December’s ISM Index will provide an important update on the manufacturing sector. Plus, the minutes from the Fed’s latest meeting will be released and these always have the potential to move the markets.