Posted on Tuesday, July 6, 2021 | 3 a.m.
Updated 3 hours, 42 minutes ago
A look at some of the major trade events and economic indicators coming up this week:
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The number of job openings is increasing as more and more businesses closed due to the pandemic reopen.
US employers announced a record 9.3 million jobs in April. Hotels and restaurants, which reopened after being forced to close or cut hours during the pandemic, have been among the biggest advertisers of job vacancies, although in many cases employers are posting jobs faster than they can fill them. The Department of Labor released its tally of job openings in the United States on Wednesday.
Job offers, per month:
May (est.) 9,255,000
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The Federal Reserve delivers its latest snapshot of US consumer borrowing on Thursday.
The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing rose $ 19 billion in May, from $ 18.6 billion in April. That gain in April took total consumer credit to $ 4.24 trillion. Consumer borrowing is being watched closely for signals of households’ willingness to borrow to finance their spending.
Consumer credit, monthly change, seasonally adjusted, in billions of dollars:
May (est.) 19.0
The Commerce Department released its monthly snapshot of wholesale business stocks in the United States on Friday.
Wholesalers increased their inventories by 1% in April, the ninth consecutive monthly increase. Economists predict that inventories held by wholesalers rose 1.1% in May. Wholesalers have restocked in order to meet increased demand for goods as the economy sheds restrictions linked to the pandemic.
Wholesale inventories, monthly percentage change, seasonally adjusted:
May (est.) 1.1