Jobs report dominates calendar

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Non-farm payrolls dominate today's agenda.

The Labor Department will release the numbers at 8:30 a.m. ET. Economists anticipate that 220,000 jobs were created in May, down from 288,000 the previous month. Of those, 230,000 are estimated to be in the private sector versus 273,000 in April.

The unemployment rate is expected to reach 6.5 percent, up from the previous 6.3 percent reading.

The calendar slows for the next several days, with the most important headlines coming out of Asia.

Chinese trade numbers and Japanese gross domestic product both come out over the weekend. Chinese inflation and loan growth follow in the overnight session between Monday and Tuesday.

Wednesday brings weekly mortgage applications and crude-oil inventories.

Thursday is the busiest session of the week, with initial jobless claims, and retail sales both due before the opening bell. Lululemon and Finisar report earnings as well. The Bank of Japan announces monetary policy overnight.

The week wraps up with Chinese retail sales and industrial production, followed in the United States by the producer-price index and the University of Michigan's consumer sentiment index.


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