Economic Events on May 6, 2011

At 8:30 AM EDT, the Employment Situation report for April will be announced, and the consensus for non-farm payrolls is an increase of 165 ,000 jobs compared to a gain of 216,000 in the previous month, the consensus for the unemployment rate is that it will remain at 8.8%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.3 hours.

At 3:00 PM EDT, the Consumer Credit report for March will be released.  The consensus estimate is that there will be an increase of $5.0 billion in the consumer credit available from February to March, after an increase of $7.6 billion last month.

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