Economic Events on July 21, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 415,000 new jobless claims last week, which would would be 10,000 more than the previous week.

Also at 9:45 AM EDT, 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 EDT, Federal Reserve Chairman Ben Bernanke will testify before the Senate regarding financial reform.

Also at 10:00 AM EDT, the Leading Indicators report for June will be released. The consensus is that this index increased 0.3% last month, following an increase of 0.8% in May.

Also at 10:00 AM EDT, the FHFA House Price Index for May will be released, providing more information about the direction of the housing market.

Also at 10:00 AM EDT, the Philadelphia Fed Survey report for July will be released.  The consensus is that the index will be at 5, which would be an increase of 12.7 points from the previous month.

At 10:30 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 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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Economic Events on May 19, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 425,000 new jobless claims last week, which would would be 9,000 less than the number released last week.

At 9:45 AM EDT, 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 EDT, the Existing Home Sales report for April will be released.  The consensus is that existing homes were sold at an annual rate of 5.2 million last month, which would be an increase of 100,000 from last month.

Also at 10:00 AM EDT, the Leading Indicators report for April will be released.  The consensus is that this index was unchanged last month.

Also at 10:00 AM EDT, the Philadelphia Fed Survey report for May will be released.  The consensus is that the index will be at 23, which would be an increase of 5.5 points from the previous month.

At 10:30 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 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.

Economic Events on April 21, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 390,000 new jobless claims last week, which would would be 22,000 less than the number released last week.

At 10:00 AM EDT, the FHFA House Price Index for February will be released, providing more information about the direction of the housing market.

Also at 10:00 AM EDT, the Leading Indicators report for March will be released.  The consensus is that this index increased by 1.0% last month, which would be the seventh month of improvement in a row.

Also at 10:00 AM EDT, the Philadelphia Fed Survey report for April will be released.  The consensus is that the index will be at 36, which would be an decrease of 7.4 points from the previous month.

At 10:30 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 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.

Economic Events on March 17, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 385,000 new jobless claims last week, which would would be 12,000 less than the number released last week.

Also at 8:30 AM EDT, the Consumer Price Index report for February will be released.  The consensus is that CPI increased by 0.4% last month, with a 0.1% increase in CPI when food and energy are removed.

At 9:15 AM EDT, the Industrial Production report for February will be released.  The consensus is that there will be an increase 0f 0.6% in production and an increase of 0.4% in industrial capacity utilization.

At 10:00 AM EDT, the Leading Indicators report for February will be released.  The consensus is that this index increased by 1.0% last month, which would be the seventh month of improvement in a row.

Also at 10:00 AM EDT, the Philadelphia Fed Survey report for March will be released.  The consensus is that the index will be at 32, which would be an decrease of 3.9 points from the previous month.

At 10:30 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 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.

Economic Events on February 17, 2011

At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 410,000 new jobless claims last week, which would would be 27,000 more than the unexpectedly low number released last week.

Also at 8:30 AM EST, the Consumer Price Index report for January will be released.  The consensus is that CPI increased by 0.3% last month, with a 0.1% increase in CPI when food and energy are removed.

At 10:00 AM EST, Federal Reserve Chairman Ben Bernanke will testify before Senate Banking Committee on Dodd-Frank reforms, with SEC Chair Mary Schapiro, FDIC Chair Sheila Bair, and CFTC Chair Gary Gensler.

Also at 10:00 AM EST, the Leading Indicators report for January will be released.  The consensus is that this index increased by 0.2% last month, which would be the sixth month of improvement in a row.

Also at 10:00 AM EST, the Philadelphia Fed Survey report for February will be released.  The consensus is that the index will be at 22, which would be an increase of 2.7 points from the previous month.

At 10:30 AM EST, 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 EST, 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 EST, 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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Economic Events on January 20, 2011

At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 420,000 new jobless claims last week, which would would be 25,000 less than the number released last week.

At 10:00 AM EST, the Existing Home Sales report for December will be released.  The consensus is that existing homes were sold at an annual rate of 4.9 million last month, which would be an increase of 220,000 from last month.

Also at 10:00 AM EST, the Leading Indicators report for December will be released.  The consensus is that this index increased by 0.6% last month, which would be the fifth month of improvement in a row.

Also at 10:00 AM EST, the Philadelphia Fed Survey report for January will be released.  The consensus is that the index will be at 20, which would be an decrease of 4.3 points from the previous month, but still is seen as a healthy number.

At 10:30 AM EST, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 11:00 AM EST, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 4:30 PM EST, 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 EST, 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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More Positive Signs for Jobs

On Thursday the government’s report of jobless claims held onto the big improvement of the prior week and only rose 2,000 to a lower-than-expected level of 439,000. The four-week average of 443,000 is now down more than 15,000 from a month ago and signals solid improvement for November payrolls.

Also reported on Thursday by the Conference Board were leading economic indications that continue to strengthen. Gains now reflect two strong back-to-back 0.5 percent gains for the Board’s index of leading economic indicators. A big central positive is the factory work week, strength that is likely to continue given persistent uplift underway in the manufacturing sector.

Philly Fed data has been lagging national data recently — but not in November. Thursday’s report of the November index registers general business conditions jumping from a zero-flat trend to a ballooning 22.5. This indicates very sharp month-to-month growth. New orders also rose more than 15 points to 10.4. Shipments were also up more than 15 points, to 16.8.

And all this is translating into jobs. The region’s factory jobs index rose more than 10 points to 13.3.

Other readings confirm strength: unfilled orders rose while delivery times and inventory contraction slowed. Input prices show steep month-to-month pressure at an accelerating rate yet output prices, that is prices manufacturers receive for their finished goods, continue to contract though now only slightly.

This report points to accelerating strength for what is already solid growth for the national manufacturing sector. Interestingly, these results contrast with Monday’s weak Empire State report from the New York Fed, a report that had been significantly stronger than Philly’s recently. Month-to-month swings in regional data shouldn’t cloud what is generally a positive outlook and continued leadership for the nation’s manufacturing sector.

Economic Events on November 18, 2010

At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 445,000 new jobless claims last week, which would would be 10,000 more than the number released last week, which was unexpectedly low.

At 10:00 AM EST, the Leading Indicators report for October will be released.  The consensus is that this index increased by 0.6% last month, which would be the third month of improvement in a row.

Also at 10:00 AM EST, the Philadelphia Fed Survey report for October will be released.  The consensus is that the index will be at 5.6, which would be an increase of 4.6 points from the previous month.

At 10:30 AM EST, 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 EST, 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 EST, 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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