1. According to ADP, private employers added an average of 42,250 jobs per week during the four weeks ending May 2.

2. The Redbook index of same-store sales moderated but remained strong.

3. Small business profitability contracted at the fastest pace in two years, with higher prices pressuring margins.

• Gasoline spending growth surged.

4. Pending home sales rose for the third month, signaling a modest rebound from earlier weather-related weakness, but housing activity remains historically subdued.

5. The cost premium for homeownership over renting has widened sharply since 2021, driven by elevated home prices, mortgage rates, insurance, and other ownership-related expenses.

6. The US supply-chain stress index constructed by Oxford Economics has reached its highest point since 2022.

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1. Headline inflation for April accelerated year over year.

• However, core measures showed a cooling trend.

2. New housing prices continued to drift lower.

3. Building permits rebounded sharply, driven by a surge in nonresidential construction intentions while residential permitting declined.

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1. The unemployment rate unexpectedly rose.

2. The HMRC payrolls registered the steepest fall since the pandemic.

3. The number of Britons claiming unemployment benefits increased.

4. Total pay growth rose and topped expectations. Excluding bonuses, however, wage growth moderated.

5. Labor productivity rebounded in Q1.

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1. The euro area’s nominal goods trade surplus narrowed.