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The Week Ahead: June 22-26

KEY EVENT: Improving situation. On Tuesday, the state Labor Department releases May unemployment rates for Nassau, Suffolk and Long Island as whole. Possibly signaling an improving local economy, the local jobless rate has fallen every month this year. The April Long Island unemployment rate was 4.4 percent, tying December for the lowest since April 2008.

MONDAY: The National Association of Realtors posts existing home sales for May. In April, the price of a sold existing house in the Northeast hit an eight-month high. Earnings: drive-in restaurant chain Sonic.

TUESDAY: Two reports from the Commerce Department: new home sales and durable goods orders, both for May. Also, single-family home prices for April from the Federal Housing Finance Agency. Earnings: BlackBerry.

WEDNESDAY: The Commerce Department releases a third and final estimate of first-quarter GDP. The previous estimate, released last month, showed first-quarter GDP shrank 0.7 percent. Earnings: Bed Bath & Beyond, homebuilder Lennar, Monsanto.

THURSDAY:v Personal income and spending for May and jobless benefits claims for the week ended June 20, both from the U.S. Labor Department. Earnings: Barnes & Noble, Nike.

FRIDAY: June consumer sentiment from the University of Michigan.

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