LAST WEEK

News & Commentary Weekly Highlights:

• CNN: Why Have So Many Men Stopped Working? (Friday)
• Wall Street Journal: For Budget Analysis, Don’t Fear Dynamic Scoring, Says Former CBO Chief (Thursday)
• Market Watch: China to Roll Out ‘More Forceful’ Fiscal Policy (Wednesday)
• Forbes: Public Pensions Lower Return Assumptions, But Taking More Risk (Tuesday)
• Market Watch: Fed Weighs Global Gloom vs. Brighter U.S. Economy as Key Rate Decision Looms (Tuesday)

 

Top Economic Indicator Highlights:

Job Openings and Labor Turnover Survey (JOLTS, July)

• Job openings: 5.753 million
• Hires:  4.983 million
• Separations (quits, layoffs, discharges): 4.716 million
• Noteworthy: Job openings jumped to a new series record and exceeded hires for the sixth consecutive month. Among separations, there were 2.7 million quits and 1.6 million layoffs and discharges.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Major Indicators

• Retail Sales (8:30am, Tuesday)
• Industrial Production (9:15am, Tuesday)
• Business Inventories (10am, Tuesday)
• Consumer Price Index (8:30am, Wednesday)
• Housing Starts and Building Permits (8:30am, Friday)

 

Reports

• National 2014 Income, Poverty and Health Insurance Coverage Statistics (Wednesday)
• Federal Open Market Committee Announcement and Forecasts (2pm, Thursday)

 

Chart of the Week: