Weekly Economic Update April 13-17, 2015
LAST WEEK
News & Commentary Weekly Highlights:
- Wall Street Journal: Education Does Reduce Inequality (Thursday)
- Wall Street Journal: Fed Divided on June Rate Increase, but Soft Data May Prove Deciding Factor (Thursday)
- Real Clear Markets: The Federal Debt Is Worse Than You Think (Wednesday)
- Real Clear Markets: How to Employ the Very Hard to Employ (Wednesday)
- Investor’s Business Daily: Obamanomics Has Failed Utterly in Reviving the Jobs Machine (Monday)
Top Economic Indicator Highlights:
Job Openings & Labor Turnover Survey (JOLTS, February)
- Job openings: 5.133 million, 12-mo avg.: 4.749 million, Recovery avg.: 3.560 million
- Hires: 4.916 million, 12-mo avg.: 4.941 million, Recovery avg.: 4.358 million
- Separations (quits, layoffs, discharges): 4.329 million, 12-mo avg.: 4.377 million, Recovery avg.: 3.920 million
- Noteworthy: Of separations, there were 2.7 million quits and 1.6 million layoffs. This was the highest level of job openings since January 2001.
THIS WEEK
Upcoming Economic Reports & Releases:
Major Indicators
- Treasury Budget (2pm, Monday)
- Producer Price Index for Final Demand (PPI-FD, 8:30am, Tuesday)
- Retail Sales (8:30am, Tuesday)
- Business Inventories (10am, Tuesday)
- Industrial Production (9:15am, Wednesday)
- Housing Starts (8:30am, Thursday)
- Consumer Price Index (8:30am, Friday)