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Author Jason Haley

Published

Estimated


Treasury yields are following oil prices modestly lower despite mixed reports on the status of peace negotiations with Iran.

In a break from the recent trend, US equity futures are pointing to a slightly weaker open despite lower oil prices and bond yields. Later this morning, the April JOLTS report will be released providing an update on job openings and layoffs, although some would argue that private sector reports from firms like Indeed have been a better indicator in recent years. Three regional Fed presidents will speak today, including two 2026 FOMC voters (Hammack and Kashkari).

Jason Haley
Chief Investment Officer

Date EventSurveyActualPriorRevised
6/2/2026JOLTS Job Openings6866k     —6866k     —
6/2/2026JOLTS Job Openings Rate4.20%     —4.10%     —
6/2/2026JOLTS Quits Level3138k     —3171k     —
6/2/2026JOLTS Quits Rate2.00%     —2.00%     —
6/2/2026JOLTS Layoffs Level1842k     —1867k     —
6/2/2026JOLTS Layoffs Rate1.20%     —1.20%     —
6/02/2026Omdia Total Vehicle Sales16.00m     —15.92m     —
6/3/2026MBA Mortgage Applications     —     —-8.50%     —
6/3/2026ADP Employment Change120k     —109k     —
6/3/2026S&P Global US Services PMI51     —50.9     —
6/3/2026S&P Global US Composite PMI51.7     —51.7     —
6/3/2026Factory Orders4.60%     —1.50%     —
6/3/2026Factory Orders Ex Trans0.60%     —1.60%     —
6/3/2026ISM Services Index53.8     —53.6     —
6/3/2026ISM Services Prices Paid72.3     —70.7     —
6/3/2026ISM Services New Orders53.1     —53.5     —
6/3/2026ISM Services Employment49     —48     —
6/3/2026Durable Goods Orders7.90%     —7.90%     —
6/3/2026Durables Ex Transportation1.10%     —1.10%     —
6/3/2026Cap Goods Orders Nondef Ex Air     —     —-1.10%     —
6/3/2026Cap Goods Ship Nondef Ex Air     —     —0.40%     —
6/3/2026Fed Releases Beige Book    
6/4/2026Challenger Job Cuts YoY     —     —-20.90%     —
6/4/2026Challenger Job Cuts Total     —     —83387     —
6/4/2026Nonfarm Productivity0.40%     —0.80%     —
6/4/2026Unit Labor Costs2.40%     —2.30%     —
6/4/2026Initial Jobless Claims214k     —215k     —
6/4/2026Initial Claims 4-Wk Moving Avg     —     —209.00k     —
6/4/2026Continuing Claims1780k     —1786k     —
6/5/2026Change in Nonfarm Payrolls85k     —115k     —
6/5/2026Two-Month Payroll Net Revision     —     —-16k     —
6/5/2026Change in Private Payrolls88k     —123k     —
6/5/2026Change in Manufact. Payrolls2k     —-2k     —
6/5/2026Nonfarm Payrolls 3-Mo Avg Chg     —     —48k     —
6/5/2026Average Hourly Earnings MoM0.30%     —0.20%     —
6/5/2026Average Hourly Earnings YoY3.40%     —3.60%     —
6/5/2026Average Weekly Hours All Employees34.3     —34.3     —
6/5/2026Unemployment Rate4.30%     —4.30%     —
6/5/2026Labor Force Participation Rate61.80%     —61.80%     —
6/5/2026Underemployment Rate     —     —8.20%     —
6/5/2026Consumer Credit$18.000b     —$24.855b     —
6/8/2026NY Fed 1-Yr Inflation Expectations     —     —3.64%     —
6/9/2026NFIB Small Business Optimism     —     —95.9     —
6/9/2026ADP Weekly Employment Change     —     —35.750k     —
6/9/2026Trade Balance     —     —-$60.3b     —
6/9/2026Imports MoM     —     —2.30%     —
6/9/2026Exports MoM     —     —2.00%     —
6/9/2026Existing Home Sales4.07m     —4.02m     —
6/9/2026Existing Home Sales MoM     —     —0.20%     —
6/9/2026Wholesale Inventories MoM     —     —0.50%     —
6/9/2026Wholesale Trade Sales MoM     —     —2.80%     —

Jason Haley

Chief Investment Officer

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