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Wednesday, April 08, 2020

Thursday: Unemployment Claims, PPI

by Calculated Risk on 4/08/2020 07:48:00 PM

CR Note: The focus this week will be on weekly unemployment claims, and the consensus is probably low. Once weekly claims decline from these stratospheric levels, the focus will shift to continued claims.

• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for a 5.000 million initial claims, down from 6.648 million the previous week.

• Also at 8:30 AM, The Producer Price Index for March from the BLS. The consensus is for a 0.3% decrease in PPI, and a 0.1% increase in core PPI.

• At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for April).