The labor market is in the spotlight this week, with several reports that could shape expectations around the Fed's next moves.
🟡 Monday
● May ISM Manufacturing PMI
A look at activity across the manufacturing sector and overall business conditions.
🟡 Tuesday
● April JOLTS Job Openings
One of the Fed's preferred indicators for labor demand and job market strength.
🟡 Wednesday
● ISM Non-Manufacturing PMI
A read on the services sector, which makes up the largest part of the US economy.
🟡 Thursday
● Initial Jobless Claims
Weekly data showing whether layoffs are beginning to increase.
🔴 Friday
● May Jobs Report
The week's main event. Markets will focus on job growth, unemployment, and wage trends for clues on the health of the labor market.
A total of 7 Fed speakers are scheduled this week, while markets will also be digesting each labor market release for signs of cooling or continued strength.
All eyes on jobs.
✅@futures