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Saturday, June 04, 2011

Schedule for Week of June 5th

by Calculated Risk on 6/04/2011 08:19:00 PM

Earlier: Summary for Week Ending June 3rd

The key economic release this week will be the trade balance report on Thursday. Fed Chairman Ben Bernanke will speak on Tuesday. The Fed's Beige Book, to be released on Wednesday, should provide some discussion of the recent economic weakness.

----- Monday, June 6th -----

No scheduled releases. NY Fed President Dudley and Philly Fed President Plosser both speak later in the day.

----- Tuesday, June 7th -----

10:00 AM: Job Openings and Labor Turnover Survey for April from the BLS.

Job Openings and Labor Turnover Survey Click on graph for larger image in graph gallery.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

In general job openings (yellow) have been trending up - and are up 16% from March 2010. However the overall turnover remains low.

3:00 PM: Consumer Credit for April. The consensus is for a $5.0 billion increase in consumer credit.

3:45 PM: Fed Chairman Ben Bernanke, "The U.S. Economic Outlook", At the International Monetary Conference, Atlanta, Georgia

----- Wednesday, June 8th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index has been very weak over the last several months suggesting weak home sales through mid-year (not counting all cash purchases).

9:00 AM: Ceridian-UCLA Pulse of Commerce Index™ This is the diesel fuel index for May (a measure of transportation).

2:00 PM: Fed's Beige Book. This is an informal review by the Federal Reserve Banks of current economic conditions.

----- Thursday, June 9th-----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 419,000 from 422,000 last week.

U.S. Trade Exports Imports8:30 AM: Trade Balance report for April from the Census Bureau.

This graph shows the monthly U.S. exports and imports in dollars through March 2011.

Oil prices were up in April, but import volumes were probably down. Also imports from Japan were probably down. The consensus is for the U.S. trade deficit to be around $48.9 billion, up from $48.2 billion in March.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for April. The consensus is for a 1.0% increase in inventories.

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

12:10 PM: Fed Vice Chair Janet Yellen, "Housing Market Developments and Their Effects on Low- and Moderate-Income Neighborhoods", Cleveland, Ohio

----- Friday, June 10th -----

8:30 AM: Import and Export Prices for May. The consensus is a for a 0.7% decrease in import prices.

Best wishes to All!