Economic Events on June 1, 2012

The figures for motor vehicle sales for November will be released today.  The consensus estimate is that 14.5 million autos were sold last month, which would be 100,000 more than the previous month.

The Monster Employment Index for May was released today, and the index moved up 1 point from last month to a value of 147, but is 3% higher than last May’s value.

At 8:30 AM EDT, the Employment Situation report for May will be announced, and the consensus for non-farm payrolls is an increase of 150,000 jobs compared to 115,000 in the previous month, the consensus for the unemployment rate is that it will remain at 8.1%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.5 hours.

Also at 8:30 AM Eastern time, the monthly Personal Income and Outlays report for April will be released. The consensus for Personal Income is an increase of 0.3% over the previous month and the consensus Consumer Spending index change is an increase of 0.3%.

At 10:00 AM Eastern time, the Construction Spending report for April will be released, and the consensus is that there was an increase of 0.4% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for April will be released.  The consensus estimate is that it decreased 0.8 points last month to a value of 54.0, but will still signal economic growth as it stays above the mid-point of 50.

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