Investors will pay close attention this week to two different U.S. employment reports for April along with some other economic information that will shed more light about the vitality of the U.S. economy.
On Wednesday private sector payroll processor ADP will report U.S. payroll job growth for April.
Economists from briefing.com have a consensus forecast of 200,000 private sector jobs added in April.
Later on Friday the U.S. Bureau of Labor Statistics will report the April U.S. non-farm payroll report.
It is expected that 215,000 non-farm payroll jobs were added to the U.S. economy in April, according to a consensus forecast from briefing.com.
Some of the other economic reports that will come into focus this week include U.S. manufacturing data with the ISM index on Monday and a service sector report with ISM services on Wednesday.
Auto-Truck sales for April will be released on Tuesday.
Full U.S. Economic Calendar
Monday- ISM Index (April), Construction Spending (March)
Tuesday- Auto-Truck Sales (April)
Wednesday- ADP Employment Report (April), Productivity and unit labor costs (1Q), Factory Orders (March), ISM Services (April), Trade Balance (March), Crude Inventories (4/30)
Thursday- Initial and Continuing Jobless Claims, Challenger Job Cuts (April), Natural Gas Inventories (4/30)
Friday- Non-Farm Payroll Report (April), Consumer Credit (March)