The Labor Department is due to release its jobless claims report for the week ended May 11th at 8:30 am ET. Economists expect claims to have increased to 330,000 from 323,000 in the previous week.
Around the same time, the Commerce Department is due to release its housing starts report for April. The consensus expectations call for housing starts to come in at a seasonally adjusted annual rate of 969,000 in April, while building permits are estimated at 945,000.
The Labor Department is also scheduled to release its consumer price inflation report for April at 8:30 am ET. Economists expect monthly consumer price inflation of a negative 0.3 percent and a core inflation rate of 0.2 percent.
The US dollar drifted weaker against most of its major counterparts ahead of the data. As of 8:25 am ET, the greenback was trading at 0.9660 against the Swiss franc, 1.2880 against the euro, 102.54 against the yen and 1.5241 against the pound.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.