8:30a Initial Jobless Claims
Initial Claims - Level 473K actual vs 507K (rev) prior
Initial Claims - Change -34K actual vs -83K (rev) prior
4-Week Moving Average 534.00K actual vs 562.25K (rev) prior
Consensus Outlook
Jobless claims for the May 8 week are expected to come in at 475,000 versus a lower-than-expected 498,000 in the May 1 week.
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.
8:30a Producer Price Index
PPI-FD - M/M 0.6% actual vs 1.0% prior month
PPI-FD - Y/Y 6.2% actual vs 4.2% prior year
Ex-Food & Energy - M/M 0.7% actual vs 0.7% prior month
Ex-Food & Energy - Y/Y 4.1% actual vs 3.1% prior year
Ex-Food, Energy & Trade Services - M/M 0.7% actual vs 0.6% prior month
Ex-Food, Energy & Trade Services - Y/Y 4.6% actual vs 3.1% prior year
Consensus Outlook
Acceleration in March was much greater than expected in March, at a monthly 1.0 percent overall versus 0.5 percent in February. A monthly headline increase of only 0.3 percent is the expectation for April.
Definition
The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measures the average change over time in the prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. Effective with the January 2014 PPI data release in February 2014, BLS transitioned from the Stage of Processing (SOP) to the Final Demand-Intermediate Demand (FD-ID) aggregation system. The headline PPI (for Final Demand) measures price changes for goods, services, and construction sold to final demand: personal consumption, capital investment, government purchases, and exports.
Dan 
AI
