Thursday, May 31, 2018

Friday: Employment Report, Auto Sales, ISM Manufacturing, Construction Spending

by Bill McBride on 5/31/2018 06:58:00 PM

My May Employment Preview

Goldman: May Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for May. The consensus is for an increase of 185,000 non-farm payroll jobs added in May, up from the 164,000 non-farm payroll jobs added in April. The consensus is for the unemployment rate to be unchanged at 3.9%.

• At 10:00 AM, ISM Manufacturing Index for May. The consensus is for the ISM to be at 58.4, up from 57.3 in April. The PMI was at 57.3% in April, the employment index was at 54.2%, and the new orders index was at 61.2%.

• At 10:00 AM, Construction Spending for April. The consensus is for a 0.8% increase in construction spending.

• All day, Light vehicle sales for May. The consensus is for light vehicle sales to be 17.1 million SAAR in May, down from 17.2 million in April (Seasonally Adjusted Annual Rate).