Schedule for Week of September 8th

The key report this week will be August retail sales to be released on Friday.

----- Monday, September 9th -----
3:00 PM: Consumer Credit for July from the Federal Reserve. The consensus is for credit to increase $12.3 billion in July.

----- Tuesday, September 10th -----
7:30 AM ET: NFIB Small Business Optimism Index for August.

10:00 AM: Job Openings and Labor Turnover Survey for July from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in June to 3.936 million, up from 3.907 million in May. The number of job openings (yellow) is the highest since 2008, but openings are only up 4% year-over-year compared to June 2012. 

Quits were down in June, and quits are up about 1% year-over-year. These are voluntary separations. (see light blue columns at bottom of graph for trend for "quits").

----- Wednesday, September 11th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for July. The consensus is for a 0.3% increase in inventories.

----- Thursday, September 12th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 330 thousand from 323 thousand last week.

2:00 PM ET: Monthly Treasury Statement for August.

----- Friday, September 13th -----
8:30 AM ET: Retail sales for August will be released.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail Retail sales are up 28.1% from the bottom, and now 12.2% above the pre-recession peak (not inflation adjusted)

The consensus is for retail sales to increase 0.5% in August, and to increase 0.3% ex-autos.

8:30 AM: Producer Price Index for August. The consensus is for a 0.2% increase in producer prices (0.1% increase in core).

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (preliminary for September). The consensus is for a reading of 82.0, down from 82.1 in August.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for July.  The consensus is for a 0.3% increase in inventories.