The Week Ahead; May Jobs Report In Focus

GROWINGA variety of economic data will be released this week that should offer more clues about the health of  the U.S. economy.

Monday will see a lot of spending data reported with Personal Income and Personal Spending (April) in addition to PCE prices-Core (April). Manufacturing data will also come into focus on Monday with the ISM Index (May) followed by Construction Spending (April).

On Tuesday Factory Orders (April) will be released and Auto and Truck Sales( May) will be announced later in the day.

On Wednesday ADP Private Sector Employment Results (May) ISM Services (May), MBA Mortgage Index, and Trade Balance (April), Crude inventories, and the Fed’s Beige Book (June).

On Thursday Initial and Continuing Jobless Claims, Challenger Job Cuts (May), Productivity-Rev (1st Quarter), Natural Gas Inventories.

On Friday the U.S. non-farm payroll report for May will be reported from the Department of Labor. Economists from are forecasting 235,000 non-farm payroll jobs to be added to the economy in May while the unemployment rate is expected to hold steady at 5.4 percent.

Consumer Credit (April) will also be reported on Friday.

-Johnathan Schweitzer

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