Monday, July 5, 2021

INFORMATION ABOUT INFLATION AND ECONOMIC GROWTH IN JULY 2021

A new month offers a new round of economic reports, so mark your calendar for the following closely watched releases:

 2 July 2021: The labor report for June will detail how many employees were added to payrolls as well as the unemployment rate.

7 July 2021: Data in the monthly JOLTS (short for: job openings and labor turnover summary) report is lagging, but the job openings data for May could be a leading indicator of future hiring plans.

13 July 2021: The consumer price index (CPI) report for June is due and is one of the key measures of inflation.

29 July 2021: The advance estimate (the first of three) for gross domestic product (GDP) for the second quarter is scheduled for release.

30 July 2021: The personal consumption expenditures (PCE) report for June is scheduled for release. This is the Federal Reserve’s preferred measure of inflation.

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