2018 Economic Calendar
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Market Focus  

August 7, 2018
It will be hard to match the JOLTS report for May, where job openings were up 16.7 percent year-on-year, a remarkable increase that for the first time ever put the number of job openings above the number of unemployed actively seeking work, but today’s data could surprise to the upside since, with its long lag, it is for June, a month that was revised in Friday’s Employment Report to be even stronger than initially reported. Also in the JOLTS, another rise in the quits rate, which was 2.4 percent in May, would be a signal of rising wage pressures. Consumer credit spiked higher in May and is expected to rise by a much smaller amount in the June report – too much strength here would be worrisome both to the Fed and to bond markets.

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