Wednesday, May 31, 2017

Thursday: Unemployment Claims, ADP Employment, ISM Mfg, Construction Spending, Auto Sales

by Bill McBride on 5/31/2017 07:29:00 PM

Thursday:
• At 8:15 AM ET, The ADP Employment Report for May. This report is for private payrolls only (no government). The consensus is for 170,000 payroll jobs added in May, down from 177,000 added in April.

• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 239 thousand initial claims, up from 234 thousand the previous week.

• At 10:00 AM, ISM Manufacturing Index for May. The consensus is for the ISM to be at 54.6, down from 54.8 in April. The employment index was at 52.0% in April, and the new orders index was at 54.8%.

• Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.5% increase in construction spending.

• All day: Light vehicle sales for May. The consensus is for light vehicle sales to be at 16.9 million SAAR in May, mostly unchanged from 16.9 million in April (Seasonally Adjusted Annual Rate).