Business week ahead, May 31-June 4
KEY EVENT: The Labor Department on Friday releases U.S. jobs created and the unemployment rate for May. The April report was a massive disappointment as only 266,000 new jobs were created, far less than the 1 million forecast by economists. The state Labor Department releases May jobs added on Long Island on June 17.
MONDAY: U.S. financial markets closed for Memorial Day.
TUESDAY: The national manufacturing activity report for May from the Institute for Supply Management. Also, April construction spending from the Commerce Department. Earnings: Hewlett Packard Enterprise, Zoom Video Communications.
WEDNESDAY: Automakers report May car and truck sales. Also, private-sector jobs created in May according to payrolls provider ADP. And the Federal Reserve releases the June beige book, an early look at some still unofficial economic data. Earnings: Advance Auto Parts, Calvin Klein brand owner PVH.
THURSDAY: Jobless benefits claims for the week ended May 29 from the Labor Department. Also, the Institute for Supply Management releases the May services-sector report, an update on jobs and economic activity in the wide swath of nonmanufacturing businesses such as restaurants and retailers. Earnings: CA Technologies owner Broadcom, medical device maker Cooper Companies, jam maker JM Smucker.
FRIDAY: April factory orders from the Commerce Department.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
