by Calculated Risk on 6/05/2021 08:11:00 AM

The key report this week is CPI.

Other key reports include April job openings, and the April trade balance.

----- Monday, June 7th -----
No major economic releases scheduled.

----- Tuesday, June 8th -----
6:00 AM ET: NFIB Small Business Optimism Index for May.

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

In March, exports were up 8.1% compared to March 2020; imports were up 18.1% compared to March 2020.

Both imports and exports decreased sharply due to COVID-19, and have now bounced back (imports much more than exports).

The consensus is the trade deficit to be $69.0 billion.  The U.S. trade deficit was at $74.4 Billion in March.

10:00 AM ET: Job Openings and Labor Turnover Survey for April 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 March to 8.123 million from 7.526 million in February.

The number of job openings (yellow) were down 41% year-over-year, and Quits were up 21% year-over-year.

----- Wednesday, June 9th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

----- Thursday, June 10th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 380 thousand from 385 thousand last week.

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

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

----- Friday, June 11th -----
10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for June).