Saturday, June 06, 2015

Schedule for Week of June 7, 2015

by Bill McBride on 6/06/2015 08:41:00 AM

The key economic report this week is May Retail sales on Thursday.

----- Monday, June 8th -----

At 10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).

----- Tuesday, June 9th -----

9:00 AM: NFIB Small Business Optimism Index for May.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for April from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in March to 4.994 million from 5.144 million in February.

The number of job openings (yellow) were up 19% year-over-year, and Quits were up 14% year-over-year.

----- Wednesday, June 10th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

10:00 AM: The Q1 Quarterly Services Report from the Census Bureau.

2:00 PM ET: The Monthly Treasury Budget Statement for May.

----- Thursday, June 11th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 276 thousand from 275 thousand.

Retail Sales 8:30 AM ET: Retail sales for May will be released.

This graph shows retail sales since 1992 through April 2015. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were unchanged from March to April (seasonally adjusted), and sales were up 0.9% from April 2014.

The consensus is for retail sales to increase 1.3% in May, and to increase 0.8% ex-autos.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for April.  The consensus is for a 0.2% increase in inventories.

12:00 PM: Q1 Flow of Funds Accounts of the United States from the Federal Reserve.

----- Friday, June 12th -----

8:30 AM ET: The Producer Price Index for May from the BLS. The consensus is for a 0.4% increase in prices, and a 0.1% increase in core PPI.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for June). The consensus is for a reading of 91.2, up from 90.7 in May.