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This week's major U.S. economic reports (May 30 - June 3)
The nonfarm payroll employment report comes out on Friday.
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MAY 30
None scheduled -- Memorial Day holiday
TUESDAY, MAY 31
9 am S&P Case-Shiller national home price index (year-over-year) March -- 19.8%
9 am FHFA national home price index (year-over-year) March -- 19.5%
9:45 am Chicago PMI May -- 56.4
10 am Consumer confidence index May -- 107.3
WEDNESDAY, JUNE 1
9:45 am S&P Global U.S. manufacturing PMI (final) May -- 57.5
10 am ISM manufacturing index May -- 55.4%
10 am Job openings April -- 11.5 million
10 am Quits April -- 4.5 million
10 am Construction spending April -- 0.1%
2 pm Beige book
Varies Motor vehicle sales (SAAR) May -- 14.6 million
THURSDAY, JUNE 2
8:30 am ADP employment report May -- 247,000
8:30 am Initial jobless claims May 28 -- N/A
8:30 am Continuing jobless claims May 21 -- N/A
8:30 am Productivity revision (SAAR) Q1 -- -7.5%
8:30 am Unit labor costs revision (SAAR) Q1 -- 11.6%
10 am Factory orders April -- 1.8%
10 am Core capital goods orders revision April -- 0.3%
FRIDAY, JUNE 3
8:30 am Nonfarm payrolls May -- 428,000
8:30 am Unemployment rate May -- 3.6%
8:30 am Average hourly earnings May -- 0.3%
8:30 am Labor-force participation, ages 25-54 May -- 82.4%
9:45 am S&P Global U.S. services PMI (final) May -- 53.5
10 am ISM services index May -- 57.1%
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MAY 30
None scheduled -- Memorial Day holiday
TUESDAY, MAY 31
9 am S&P Case-Shiller national home price index (year-over-year) March -- 19.8%
9 am FHFA national home price index (year-over-year) March -- 19.5%
9:45 am Chicago PMI May -- 56.4
10 am Consumer confidence index May -- 107.3
WEDNESDAY, JUNE 1
9:45 am S&P Global U.S. manufacturing PMI (final) May -- 57.5
10 am ISM manufacturing index May -- 55.4%
10 am Job openings April -- 11.5 million
10 am Quits April -- 4.5 million
10 am Construction spending April -- 0.1%
2 pm Beige book
Varies Motor vehicle sales (SAAR) May -- 14.6 million
THURSDAY, JUNE 2
8:30 am ADP employment report May -- 247,000
8:30 am Initial jobless claims May 28 -- N/A
8:30 am Continuing jobless claims May 21 -- N/A
8:30 am Productivity revision (SAAR) Q1 -- -7.5%
8:30 am Unit labor costs revision (SAAR) Q1 -- 11.6%
10 am Factory orders April -- 1.8%
10 am Core capital goods orders revision April -- 0.3%
FRIDAY, JUNE 3
8:30 am Nonfarm payrolls May -- 428,000
8:30 am Unemployment rate May -- 3.6%
8:30 am Average hourly earnings May -- 0.3%
8:30 am Labor-force participation, ages 25-54 May -- 82.4%
9:45 am S&P Global U.S. services PMI (final) May -- 53.5
10 am ISM services index May -- 57.1%
https://www.chase.com/personal/investments/learning-and-insights/category/markets
Economic outlook
Up next for the markets: May 30 - June 3
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
May 25, 2022 | 3 min read
• Investors will get a better sense of how the job market is faring, with a series of labor-centric economic data slated for release this week.
• Also watch for the impact inflation is having on manufacturing output, as that’s also on the agenda this week in the form of the ISM Manufacturing PMI.
This week’s economic data will give investors more insight into how the job market is faring as cases of COVID-19 are beginning to tick up again. Despite record inflation and soaring gas prices, many people are still not returning to work.
Whether that trend is ongoing will be clearer this week with the release of the Job Openings and Labor Turnover Survey (JOLTs) for April. This tracks the number of open positions in the country. In March, the number came in at a record 11.5 million.1 Jobless claims and the unemployment rate for May are also on the agenda this week.
On the manufacturing front, investors will get a better sense of how inflation is impacting output when the ISM Manufacturing Index for May is released mid-week. It measures the monthly output of more than 300 of the nation’s manufacturers. Rounding out the economic news for the week is the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which provides insight into home prices as well as demand.
{snip}
Up next for the markets: May 30 - June 3
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
May 25, 2022 | 3 min read
• Investors will get a better sense of how the job market is faring, with a series of labor-centric economic data slated for release this week.
• Also watch for the impact inflation is having on manufacturing output, as that’s also on the agenda this week in the form of the ISM Manufacturing PMI.
This week’s economic data will give investors more insight into how the job market is faring as cases of COVID-19 are beginning to tick up again. Despite record inflation and soaring gas prices, many people are still not returning to work.
Whether that trend is ongoing will be clearer this week with the release of the Job Openings and Labor Turnover Survey (JOLTs) for April. This tracks the number of open positions in the country. In March, the number came in at a record 11.5 million.1 Jobless claims and the unemployment rate for May are also on the agenda this week.
On the manufacturing front, investors will get a better sense of how inflation is impacting output when the ISM Manufacturing Index for May is released mid-week. It measures the monthly output of more than 300 of the nation’s manufacturers. Rounding out the economic news for the week is the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which provides insight into home prices as well as demand.
{snip}