Saturday, August 05, 2017

Schedule for Week of Aug 6, 2017

by Bill McBride on 8/05/2017 08:09:00 AM

The key economic report this week is the Consumer Price Index (CPI).

----- Monday, Aug 7th -----

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

3:00 PM: Consumer credit from the Federal Reserve.  The consensus is for a $16.0 billion increase in credit.

----- Tuesday, Aug 8th -----

6:00 AM ET: NFIB Small Business Optimism Index for July.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for June 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 May to 5.666  million from 5.967 in April.

The number of job openings (yellow) were up 2% year-over-year, and Quits were up 7% year-over-year.

----- Wednesday, Aug 9th -----

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

----- Thursday, Aug 10th -----

8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 241 thousand initial claims, up from 240 thousand the previous week.

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

----- Friday, Aug 11th -----

8:30 AM: The Consumer Price Index for July from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.