Economic Events on July 8, 2011

The Monster Employment Index for June was released today, and the index moved up 3 points to a value of 146, which is 3.5% higher than last June’s value.

At 8:30 AM EDT, the Employment Situation report for June will be announced, and the consensus for non-farm payrolls is an increase of 105,000 jobs compared to a gain of 54,000 in the previous month, the consensus for private payrolls is an increase of 125,000 jobs compared to a gain of 83,000 in the previous month, the consensus for the unemployment rate is that it will decrease  0.1 % to 9.0%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.4 hours.

At 10:00 AM EDT, the Wholesale Trade report will be released for May, showing inventory levels for wholesalers in the United States.

At 3:00 PM EDT, the Consumer Credit report for May will be released.  The consensus estimate is that there will be an increase of $4.0 billion in the consumer credit available from April to May, after an increase of $6.4 billion last month.

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