Schedule for Week of Might 2, 2021

by Calculated Danger on 5/01/2021 08:11:00 AM The important thing report scheduled for this week is the April employment report. Different key studies embody April car gross sales, and the March commerce steadiness. For manufacturing, the April ISM manufacturing index will probably be launched. —– Monday, Might third —– 10:00 AM: ISM Manufacturing Index for


by Calculated Danger on 5/01/2021 08:11:00 AM

The important thing report scheduled for this week is the April employment report.

Different key studies embody April car gross sales, and the March commerce steadiness.

For manufacturing, the April ISM manufacturing index will probably be launched.


—– Monday, Might third —–


10:00 AM: ISM Manufacturing Index for April. The consensus is for the ISM to be at 65.0, up from 64.7 in March.

10:00 AM: Development Spending for March. The consensus is for a 2.0% enhance in building spending.

All day: Gentle car gross sales for April. The expectation is for mild car gross sales to be 17.9 million SAAR in April, unchanged from 17.85 million in March (Seasonally Adjusted Annual Charge).

This graph reveals mild car gross sales for the reason that BEA began retaining information in 1967. The dashed line is the gross sales price for the earlier month.

2:00 PM: Senior Mortgage Officer Opinion Survey on Financial institution Lending Practices for April.

2:20 PM, Speech, Fed Chair Jerome Powell, Group Improvement, On the Nationwide Group Reinvestment Coalition’s 2021 Simply Economic system Convention (through livestream)


—– Tuesday, Might 4th —–


8:00 AM ET: Corelogic Home Value index for March.

U.S. Trade Deficit8:30 AM: Commerce Steadiness report for March from the Census Bureau.

This graph reveals the U.S. commerce deficit, with and with out petroleum, by the newest report. The blue line is the whole deficit, and the black line is the petroleum deficit, and the pink line is the commerce deficit ex-petroleum merchandise.

The consensus is the commerce deficit to be $74.0 billion.  The U.S. commerce deficit was at $71.1 Billion in February.


—– Wednesday, Might fifth —–


7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy functions index.

8:15 AM: The ADP Employment Report for April. This report is for personal payrolls solely (no authorities). The consensus is for 830,000 payroll jobs added in April, up from 517,000 added in March.

10:00 AM: the ISM Providers Index for April.   The consensus is for a studying of 64.3, up from 63.7.


—– Thursday, Might sixth —–


8:30 AM: The preliminary weekly unemployment claims report will probably be launched.  The consensus is for a lower to 525 thousand from 553 thousand final week.

—– Friday, Might seventh —–


Employment Recessions, Scariest Job Chart8:30 AM: Employment Report for April.   The consensus is for 978,000 jobs added, and for the unemployment price to lower to five.7%.

There have been 916,000 jobs added in March, and the unemployment price was at 6.0%.

This graph reveals the job losses from the beginning of the employment recession, in share phrases.

The present employment recession was by far the worst recession since WWII in share phrases, and is now barely higher than the worst of the “Nice Recession”.



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