Economic Data Scant Until Thursday for Week of June 10

Andrew Klips |

Wall StreetThe Employment Situation report on Friday from the Labor Department sent stocks sizzling upward on Friday as the number of new jobs and unemployment rate signaled that the Federal Reserve will unlikely slow their efforts to stimulate the U.S. economy.  The economic ledger will be relatively barren this week until Thursday, so it looks like momentum will rule early in the week to guide market direction.  As the weekend approaches, market moving economic data will include:


Initial Jobless Claims for the Week Ended June 8 – The Labor Department reported in its last weekly report that first-time filings for jobless benefits in the week ended June 1 dropped by 11,000 to a seasonally adjusted 346,000 from an upwardly revised 357,000 (up 3,000) the week prior.  The four-week moving average, a less volatile gauge of labor trends, rose by 4,500 to 352,000, pushing slightly above the 350,000 mark that economists consider a level of moderate jobs growth.  For the most recent week, economists are predicting a slight increase to 350,000 claims.

Retail Sales for May – In April, retail sales rose edged up 0.1 percent compared to March, despite dropping gasoline prices.  In March retail sales had fallen 0.5 percent from February.  Excluding auto sales (which were up 1.0 percent in April), retail sales were down 0.1 percent.  Retail sales are closely watched as they make-up about two-thirds of gross domestic product.  For May, economists are expecting a strong month with core sales predicted to rise 0.5 percent and sales less autos forecast to climb 0.3 – 0.4 percent.


Producer Price Index for May – The Labor Department said that the PPI, a measure of the changes in prices to produce goods and services, fell 0.7 percent and 0.6 percent in April and March, respectively.  The so-called Core PPI, which excludes the volatile food and energy components, rose 0.1 percent in April and 0.2 percent in March.  Economists are expecting the core PPI to improve by 0.1 percent in May and the overall PPI to rise 0.2 percent.

Industrial Production for May – Last month, the Federal Reserve reported that industrial production (which covers activity in manufacturing, mining and electric and gas utilities) dropped by 0.5 percent in April on a month-over-month basis, following a rise of 0.3 percent in March.  The closely watched manufacturing component declined by 0.3 percent. Economists are expecting industrial production to rise 0.1 – 0.2 percent in May.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
TGNA TEGNA Inc 12.84 0.09 0.71 212,213 Trade


Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…


Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…