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Economic Events on June 3, 2010
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7:47 am
June 3, 2010


B.P.T.

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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 Monster Employment Index for May was released today, and the index moved up 1 points to a value of 134, which gives the index its best year on year gain since April 2007.

At 8:15 AM EDT, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 450,000 new jobless claims last week, which would would fall within the range of reports in recent weeks.

Also at 8:30 AM EDT, the Productivity and Costs report for the first quarter of 2010 will be released.  The consensus is that non-farm productivity increased 3.4% in the last quarter and labor unit costs declined 1.3%.

At 10:00 AM EDT, the Factory Orders report will be released.  The consensus is for an increase of 1.8% in orders in April, after a gain of 1.3% in March.

Also at 10:00 AM EDT, the ISM non-manufacturing index for May will be released.  It was flat in April, and the consensus estimate is that it increased 0.5 points last month, pointing to continued economic growth in the United States.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 11:00 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 11:15 AM EDT, Ben Bernanke will speak at a Chicago Federal Reserve Bank conference on small business finance in Detroit.

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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