Saturday, June 02, 2018

Schedule for Week of June 3, 2018

by Bill McBride on 6/02/2018 08:11:00 AM

The key economic report this week is the Trade Deficit on Wednesday.

----- Monday, June 4th -----

No major economic releases scheduled.

----- Tuesday, June 5th -----

Job Openings and Labor Turnover Survey 10:00 AM ET: 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 increased in March to 6.550 million from 6.078 in February.

The number of job openings (yellow) were up 16.8% year-over-year, and Quits were up 6.3% year-over-year.

10:00 AM: the ISM non-Manufacturing Index for May. The consensus is for index to increase to 58.0 from 56.8 in April.

10:00 AM: Corelogic House Price index for April.

----- Wednesday, June 6th -----

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

U.S. Trade Deficit8:30 AM: Trade Balance report for April from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through March. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

The consensus is for the U.S. trade deficit to be at $49.0 billion in April unchanged from $49.0 billion in March.

----- Thursday, June 7th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 225 thousand initial claims, up from 221 thousand the previous week.

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

3:00 PM: Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $13.5 billion in April.

----- Friday, June 8th -----

No major economic releases scheduled.