5/24/2021 7:16:49 PM GMT American Consumer Confidence expected to retreat in May. Inflation, racing gasoline prices may have undermined optimism. Michigan Consumer Sentiment unexpectedly declined in May. Retail Sales, Control Group, were weaker than forecast in April. The US labor market is overflowing with work. In March 8.1 million positions were on offer in the Job Openings and Turnover Survey (JOLTS), the most on record. Unfilled jobs were likely even higher in April as barely one-quarter of the projected million hires took place. The pandemic is ending. The US has had one of the most successful vaccination campaigns in the world. Lockdowns are over, the economy is expected to soar at 6.5% or more this year.