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Saturday, April 03, 2021

Schedule for Week of April 4, 2021

by Calculated Risk on 4/03/2021 08:11:00 AM

This will be a light week for economic data.

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

----- Monday, Apr 5th -----

10:00 AM: the ISM Services Index for March.

During the Day: NY Fed, SCE Housing Survey: Data update

----- Tuesday, Apr 6th -----

8:00 AM: Corelogic House Price index for February.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for February 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 January to 6.917 million from 6.752 million in December.

The number of job openings (yellow) were down 3.3% year-over-year, and Quits were down 7.2% year-over-year.

----- Wednesday, Apr 7th -----

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 February 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 $70.3 billion.  The U.S. trade deficit was at $68.2 billion in January.

2:00 PM: FOMC Minutes, Minutes Meeting of March 16-17, 2021

----- Thursday, Apr 8th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 700 thousand from 719 thousand last week.

12:00 PM: Discussion, Fed Chair Jerome Powell, The Global Economy, At the International Monetary Fund Debate on the Global Economy

----- Friday, Apr 9th -----

8:30 AM: The Producer Price Index for March from the BLS. The consensus is for a 0.5% increase in PPI, and a 0.2% increase in core PPI.