Schedule for Week of September 7th

The key report this week is August retail sales on Friday.

—– Monday, September 8th —–

3:00 PM: Consumer Credit for July from the Federal Reserve.  The consensus is for credit to increase $17.4 billion.

—– Tuesday, September 9th —–

7:30 AM ET: NFIB Small Business Optimism Index for August.

Job Openings and Labor Turnover Survey 10:00 AM: Job Openings and Labor Turnover Survey for July from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in June to 4.671 million from 4.577 million in May.   This was the highest level since February 2001.

The number of job openings (yellow) were up 18% year-over-year compared to June 2013. Quits were up 15% year-over-year.

—– Wednesday, September 10th —–

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.5% increase in inventories.

—– Thursday, September 11th —–

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 300 thousand from 302 thousand.

2:00 PM ET: The Monthly Treasury Budget Statement for August.

—– Friday, September 12th —–

Retail Sales8:30 AM ET: Retail sales for August will be released.

This graph shows retail sales since 1992 through July 2014. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). On a monthly basis, retail sales were unchanged from June to July (seasonally adjusted), and sales were up 3.7% from July 2013.

The consensus is for retail sales to increase 0.4% in August, and to increase 0.3% ex-autos.

9:55 AM: Reuter’s/University of Michigan’s Consumer sentiment index (preliminary for September). The consensus is for a reading of 83.1, up from 82.5 in August.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for July.  The consensus is for a 0.5% increase in inventories.

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