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Saturday, July 03, 2021

Schedule for Week of July 4, 2021

by Calculated Risk on 7/03/2021 08:11:00 AM

This will be a light week for economic data.

The focus will be on Job Openings.

----- Monday, July 5th -----

All US markets will be closed in observance of Independence Day.

----- Tuesday, July 6th -----

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

10:00 AM: the ISM non-Manufacturing Index for June.   The consensus is for a reading of 63.9, down from 64.0.

----- Wednesday, July 7th -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for May 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 April to a record 9.286 million from 8.288 million in March.

The number of job openings (yellow) were up 100% year-over-year, and Quits were up 88% year-over-year (compared to worst of pandemic).

2:00 PM: FOMC Minutes, Meeting of June 15-16, 2021

----- Thursday, July 8th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 350 thousand from 364 thousand last week.

----- Friday, July 9th -----

No major economic releases scheduled.