LAST WEEK

News & Commentary Weekly Highlights:

• Wall Street Journal: EU-Greece Talks on Bailout Break Down, Setting Up Showdown (Saturday)
• The Economist: A Tight Squeeze (Friday)
• Wall Street Journal: Fed Policy May Have Widened America’s Wealth Inequality, Philadelphia Fed Paper Says (Monday)
• Real Clear Markets: You're Too Young To Give Up On Finding Work (Monday)
• Market Watch: Here’s Why Your Wages Aren’t Rising Quickly (Monday)

 

Top Economic Indicator Highlights:

Job Openings and Labor Turnover Survey (JOLTS, April)

• Job openings: 5.376 million
• Hires:  5.007 million
• Separations (quits, layoffs, discharges): 4.881 million
• Noteworthy: Among separations, there were 2.7 million quits and 1.8 million layoffs and discharges. Job openings were the highest since December 2000, when the series began.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Major Indicators

• Industrial Production (9:15am, Monday)
• Housing Starts and Building Permits (8:30am, Tuesday)
• Consumer Price Index (8:30am, Thursday)

 

Reports

• Congressional Budget Office Long-Term Budget Outlook (10am, Tuesday)
• Federal Open Market Committee Announcement (2pm, Wednesday)

 

Chart of the Week: