by Calculated Risk on 5/04/2019 08:11:00 AM

The key report this week is the April CPI.

----- Monday, May 6th -----
No major economic releases scheduled.

----- Tuesday, May 7th -----
10:00 AM ET: Job Openings and Labor Turnover Survey for March 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 decreased in February to 7.087 million from 7.625 million in January.

The number of job openings (yellow) were up 9% year-over-year, and Quits were up 10% year-over-year.

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

3:00 PM: Consumer Credit from the Federal Reserve.

----- Wednesday, May 8th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

----- Thursday, May 9th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, down from 230 thousand last week.

8:30 AM: Trade Balance report for March from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. 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 the trade deficit to be $50.1 billion.  The U.S. trade deficit was at $49.4 Billion in February.

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

----- Friday, May 10th -----
8:30 AM: The Consumer Price Index for April from the BLS. The consensus is for 0.4% increase in CPI, and a 0.2% increase in core CPI.