Economic Events on May 3, 2012

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.

The Challenger Job-Cut Report will be released at 7:30 AM Eastern time, providing an estimate of the number of layoffs in November.

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 378,000 new jobless claims last week, which would would be 10,000 less than the previous week.

Also at 8:30 AM Eastern time, the Productivity and Costs report for the first quarter of 2012 will be released.  The consensus is that non-farm productivity decreased by 0.4% in the last quarter and labor unit costs increased 2.5%.

At 9:45 AM Eastern time, 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 10:00 AM Eastern time, the ISM non-manufacturing index for April will be released.  The consensus estimate is that it remained at a value of 56.0, and will continue to signal economic growth as it remains above the mid-point of 50.

At 10:30 AM Eastern time, 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 Eastern time, 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 Eastern time, 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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