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Wednesday, May 30, 2012

Look Ahead: GDP, ADP Employment, Weekly Unemployment Claims, Chicago PMI

by Calculated Risk on 5/30/2012 09:16:00 PM

There are a number of US economic indicators to be released over the next two days, and that may take some of the focus off of Europe (probably not). For Thursday:

• At 8:15 AM ET, the ADP employment report is scheduled for release. This report is for private payrolls only (no government). The consensus is for 154,000 payroll jobs added in May, up from the 119,000 reported last month.

• At 8:30 AM ET, the second estimate of Q1 GDP will be released by the BEA. The consensus is that real GDP increased 1.9% annualized in Q1, slower than the advance estimate of 2.2%. The BEA will also release Q1 Gross Domestice Income (GDI).

• Also at 8:30 AM, the initial weekly unemployment claims report will be released. The consensus is for claims to be unchanged at 370 thousand.

• At 9:45 AM, the Chicago Purchasing Managers Index for May will be released. The consensus is for a decrease to 56.1, down slightly from 56.2 in April.

• At 11:00 AM, the New York Fed will release the Q1 2012 Report on Household Debt and Credit (filled with data!)

For the monthly economic question contest (one more questions for May):