LAST WEEK

News & Commentary Weekly Highlights:

• Wall Street Journal: Eurozone Leaders Reach Unanimous Agreement on Greece (Early Monday)
• Wall Street Journal: IMF Sees 2015 Global Growth at Weakest Rate Since Financial Crisis (Thursday)
• Real Clear Markets: Would You Take 77 Cents for Every Dollar Social Security Owes You? (Wednesday)
• Forbes: More Evidence of Death Spirals Ahead (Monday)
• Wall Street Journal: Just How Stagnant Are Wages, Anyway? (Monday)

 

Top Economic Indicator Highlights:

Job Openings and Labor Turnover Survey (JOLTS, May)

• Job openings: 5.363 million
• Hires:  5.000 million
• Separations (quits, layoffs, discharges): 4.743 million
• Noteworthy: Among separations, there were 2.7 million quits and 1.7 million layoffs and discharges. Job openings remained near record levels and exceeded hires for the second consecutive month.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Major Indicators

• Treasury Budget (2pm, Monday)
• Retail Sales (8:30am, Tuesday)
• Business Inventories (10am, Tuesday)
• Producer Price Index for Final Demand (8:30am, Wednesday)
• Industrial Production (9:15am, Wednesday)
• Consumer Price Index (8:30am, Friday)
• Housing Starts and Building Permits (8:30am, Friday)

 

Reports and Events

• Beige Book (2pm, Wednesday)
• JEC Hearing: “What Lower Labor Force Participation Rates Tell Us about Work Opportunities and Incentives” (2:30pm, Wednesday)

 

Chart of the Week: