Wednesday , May 27 2020
Home / Calculated Risk / Thursday: Unemployment Claims, PPI

Thursday: Unemployment Claims, PPI

Summary:
CR Note: The focus this week will be on weekly unemployment claims, and the consensus is probably low. Once weekly claims decline from these stratospheric levels, the focus will shift to continued claims.Wednesday:• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for a 5.000 million initial claims, down from 6.648 million the previous week.• Also at 8:30 AM, The Producer Price Index for March from the BLS. The consensus is for a 0.3% decrease in PPI, and a 0.1% increase in core PPI.• At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for April).

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Tyler Durden writes Psychiatrists Wrote 86% More Prescriptions For Psychotropic Drugs During Lockdown Months

Tyler Durden writes Coronavirus Uses Same Strategy As HIV To Evade, Cripple Immune System: Chinese Study Finds

Tyler Durden writes Barry Ritholtz, Author Of “Bailout Nation”, Gets A Bailout

Tyler Durden writes Total Chaos: Chicago Sees Deadliest Memorial Day Weekend In Years Despite Stay-At-Home Orders

CR Note: The focus this week will be on weekly unemployment claims, and the consensus is probably low. Once weekly claims decline from these stratospheric levels, the focus will shift to continued claims.

Wednesday:
• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for a 5.000 million initial claims, down from 6.648 million the previous week.

• Also at 8:30 AM, The Producer Price Index for March from the BLS. The consensus is for a 0.3% decrease in PPI, and a 0.1% increase in core PPI.

• At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for April).

Leave a Reply

Your email address will not be published. Required fields are marked *