On Tap Today: It's All About the Jobs Report

With the threat of a 50-basis-point rate hike looming, market mavens will pore over today's employment report results.

As

TheStreet.com

reported

yesterday, the job numbers may set an aggressive tone for the May 16

FOMC

powwow.

To take your mind off wages and workers this afternoon, stay tuned to

Securities and Exchange Commission

Chairman Arthur Levitt as he addresses the

SIA Options Industry Conference

in sunny Palm Beach, Fla.

Expected Earnings Reports

(

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

)

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

8:30 a.m.:Nonfarm payrolls for April. Source: Labor Department. Forecast: 358,000. Previous: 416,000.
8:30 a.m.: Unemployment rate. Forecast: 4.0%. Previous: 4.1%.
8:30 a.m.: Average hourly earnings. Forecast: +0.4. Previous: +0.4%.
8:30 a.m.: Average workweek. Forecast: 34.5 hrs. Previous: 34.5 hrs.

IPO Quiet Periods Expiring

(TheStreet.com's

Ben Holmes, who heads

TSC's

ipoPros.com subsidiary, keeps a close eye on quiet-period expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject.

)

Speeches and Testimony

• Securities and Exchange Commission Chairman Arthur Levitt addresses the SIA Options Industry Conference in Palm Beach, Fla.