The key economic report this week is April retail sales on Friday.
—– Monday, May 9th —–
10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).
—– Tuesday, May 10th —–
9:00 AM ET: NFIB Small Business Optimism Index for April.
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 decreased in February to 5.445 million from 5.604 million in January.
The number of job openings (yellow) were up 6% year-over-year, and Quits were up 9% year-over-year.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for March. The consensus is for a 0.3% increase in inventories.
—– Wednesday, May 11th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
2:00 PM: The Monthly Treasury Budget Statement for April.
—– Thursday, May 12th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 267 thousand initial claims, down from 274 thousand the previous week.
This graph shows retail sales since 1992 through March 2016. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were down 0.3% from February to March (seasonally adjusted), and sales were up 1.7% from March 2015.
8:30 AM: The Producer Price Index for April from the BLS. The consensus is for a 0.3% increase in prices, and a 0.1% increase in core PPI.
10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for March. The consensus is for a 0.2% increase in inventories.
10:00 AM: University of Michigan’s Consumer sentiment index (preliminary for May). The consensus is for a reading of 89.7, up from 89.0 in April.