On Friday, June 5 Wall Street will be awaiting the monthly unemployment situation report for the month of May. The jobs report is scheduled to be released at 8:30 a.m. ET. Economists are forecasting an added 225,000 workers payrolls in May. TheStreet’s Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says he’s watching the unemployment number, the most important figure that moves the market. Additionally, Walmart (WMT) is scheduled to hold its annual shareholders meeting to mark its 22nd consecutive year of its three-day extravaganza. The world’s biggest retailer recently announced its salary hike for 100,000 of its managers. Walmart is also loosening up its controversial dress code, allowing workers to wear black or tan colored jeans as an alternative to its khaki pants policy. Along with the jobs report at 8:30 a.m. ET, we also note two additional reports to watch on the economic calendar Friday. They are the consumer credit numbers and the Organization of the Petroleum Exporting Countries press conference on oil production quotas. Ministers from OPEC will meet in Vienna to decide on production policy for the next half of the year. The group is expected maintain its output target of 30 million barrels per day. TheStreet’s Kurumi Fukushima reports in New York.
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