Author: Zac Martin, Investment Associate
Week Ending June 7th – 80 Years Later
- JOLTS report for April continued to decrease and negatively surprised analyst expectations. The largest increase for Hires was in manufacturing, with the largest decrease being in Arts & Entertainment. The March report was revised lower with Hires and Quits revising higher.
- Non-Farm Payrolls for May positively surprised analysts with the economy adding 272k Jobs. Meanwhile the Unemployment rate ticked higher to 4.0%.
- ISM Manufacturing PMI slid down in May due to contracting New Orders and rising Prices. The biggest positive was employment.
- ISM Services PMI grew in May with an increase in Business Activity and New Export Orders.
The week ahead:
- Consumer Price Index (6/12)
- FOMC Meeting (6/12 @ 2pm)
- Producer Price Index (6/13)
- Earnings: ORCL (6/11), AVGO (6/12), ADBE (6/13)
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