Economic Events on May 5, 2011

The Monster Employment Index for April was released today, and the index moved up 9 points to a value of 145, which is 9% higher than last April’s value.

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 410,000 new jobless claims last week, which would would be 19,000 less than the unexpectedly high number released last week.

Also at 8:30 AM EST, the Productivity and Costs report for the first quarter of 2011 will be released.  The consensus is that non-farm productivity increased by 1.3% in the last quarter and labor unit costs increased 0.8%.

At 9:30 AM EDT, Federal Reserve Chairman Ben Bernanke will give a speech to the Chicago Fed’s Annual Conference on Bank Structure and Competition.

At 9:45 AM EDT, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

At 10:30 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM EDT, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EDT, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

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