The Week Ahead, June 23-27

advertisement | advertise on newsday

KEY EVENT: Signs of improvement. Long Island's April jobless rate was 4.5 percent, the lowest in six years. Is this a signal that the region is returning to pre-recession unemployment rates or a one-month aberration? An answer may be provided Tuesday when the state Labor Department releases May unemployment rates for Nassau, Suffolk and Long Island as a whole.

MONDAY: Existing home sales for May from the National Association of Realtors.

TUESDAY: The closely watched Case-Shiller home prices report for April. After hitting a three-year high in October, New York-area home prices fell in four of the past five months. Also, the Commerce Department releases new home sales for May. Earnings: Walgreen.

WEDNESDAY: The two-day Google I/O tech conference kicks off in San Francisco, where Google may announce updates to its Android operating system and Google Glass wearable computer. Also, the Commerce Department releases a revised estimate of first-quarter GDP and durable goods orders for May.

advertisement | advertise on newsday

THURSDAY: Personal income and spending for May from the Commerce Department and claims for jobless benefits for the week ended June 21 from the U.S. Labor Department. Earnings: Nike.

FRIDAY: The University of Michigan releases June consumer sentiment.

The latest LI business news in your inbox daily. Get the Biz Briefing newsletter!

Comments now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

You also may be interested in: