Week of June 1 economic calendar

MONDAY	June 01	PERSONAL INCOME (Apr)
		March actual: DOWN 0.3%
		April consensus: DOWN 0.2%
		PERSONAL CONSUMPTION
		March actual: DOWN 0.2%
		April consensus: DOWN 0.1%
		CORE PCE (Y-Y Change)
		March actual: 1.8% NO CHANGE
		April consensus: 1.8% NO CHANGE
		CONSTRUCTION SPENDING (Apr)
		March actual: UP 0.9%
		April consensus: DOWN 0.3%
		ISM MANUFACTURING INDEX (May)
		April actual: 40.1 UP 3.8
		May consensus: 42.0
		ONLINE HELP WANTED ADVERTISING INDEX (May)
		April actual: 3,117,000 DOWN 131,000
		No May Consensus
TUESDAY	June 02	PENDING HOME SALES INDEX (Apr)
		March actual: 82.1, UP 1.7
		April Consensus 84.2
		MOTOR VEHICLE SALES (May)
		April actual: 9.3 million
		May consensus: 9.5 million
		Dallas Fed President Richard Fisher speaks on the regional economy
WEDNESDAY	June 03	MBA APPLICATION INDEX (Week ended: May 29)
		Total Index:
		Week Ended May 22: 786.0, DOWN 14.2%
		Four-week moving average: 929.2, DOWN 6.1%
		Purchase Index:
		Week Ended May 22: 256.6, UP 1.0%
		Four-week moving average: 259.1, UP 0.2%
		Refi Index:
		Week Ended May 22: 3,890.4, DOWN 18.9%
		Four-week moving average: 4,854.2, DOWN 7.8%
		No May 29 consensus
		CHALLENGER LAYOFFS (May)
		April actual: 132,590 DOWN 17,821 from Mar
		No May consensus
		ADP EMPLOYMENT REPORT (May)
		April actual: DOWN 491,000 [BLS Actual DOWN 611,000}
		May consensus: DOWN 560,000
		FACTORY ORDERS (Apr)
		Total
		March actual: DOWN 0.9%
		April consensus: UP 0.3%
		Ex-transportation
		March actual: DOWN 0.9%
		No April consensus:
		ISM NON-MANUFACTURING INDEX (May)
		April actual: 43.7, UP 2.9
		May consensus: 45.0
		Federal Reserve Chairman Ben Bernanke testifies before House Budget Committee
		Kansas City Fed President Thomas Hoenig speaks on the economy
THURSDAY	June 04	UNEMPLOYMENT INSURANCE CLAIMS (Wk Ended May 30)
		Initial Claims:
		May 23 Actual: 623,000 DOWN 13,000
		May 30 Consensus: 620,000
		Four-week moving average: 626,750 DOWN 3,000
		No May 30 consensus
		Continuing Claims (Wk ended May 16)
		Week Ended May 16: 6,788,000 UP 110,000
		May 23 Consensus: 6,780,000
		PRODUCTIVITY AND COSTS - Revised (1Q)
		Productivity
		4Q actual: DOWN 0.4
		1Q preliminary: UP 0.8%
		1Q consensus: UP 1.0%
		Unit Labor Costs
		4Q actual: UP 5.7
		1Q preliminary: UP 3.2%
		1Q consensus: UP 3.0%
		New York Fed President William Dudley speaks on the economy
		Cleveland Fed President Sandra Pianalto speaks on the economy
		Federal Reserve Chairman Ben S. Bernanke speaks at the Fed Conference on Financial Markets and Monetary Policy
FRIDAY	June 05	EMPLOYMENT SITUATION (May)
		Payroll Employment (M-M Change)
		April actual: DOWN 539,000
		May consensus: DOWN 523,000
		Unemployment Rate
		April actual: 8.9% (from 8.5%)
		May consensus: 9.2%
		Average Hourly Earnings
		April actual: $18.51, UP $0.01, 012%
		May consensus:$18.55 UP $0.04, 0.2%
		Average Weekly Hours
		April actual: 33.2 UNCHANGED
		May consensus: 33.2
		CONSUMER CREDIT (Apr)
		March actual: DOWN $11.1 Billion
		April consensus: DOWN $5.0 Billion