Saturday, September 05, 2015

Schedule for Week of September 6, 2015

by Bill McBride on 9/05/2015 08:11:00 AM

This will be light week for economic data.

----- Monday, September 7th -----

All US markets will be closed in observance of the Labor Day holiday.

----- Tuesday, September 8th -----

9:00 AM ET: NFIB Small Business Optimism Index for August.

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

3:00 PM: Consumer Credit for July from the Federal Reserve. The consensus is for an increase of $18 billion in credit.

----- Wednesday, September 9th -----

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

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for July 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 June to 5.249 million from 5.357 million in May.

The number of job openings (yellow) were up 11% year-over-year, and Quits were up 1% year-over-year.

10:00 AM: The Q2 Quarterly Services Report from the Census Bureau.

----- Thursday, September 10th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 275 thousand initial claims, down from 282 thousand the previous week.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.3% increase in inventories.

----- Friday, September 11th -----

8:30 AM ET: The Producer Price Index for August from the BLS. The consensus is for a 0.2% decrease in prices, and a 0.1% increase in core PPI.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for September). The consensus is for a reading of 91.0, down from 91.9 in August.

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