Thursday:
• Early, Census Bureau to Release Vintage 2021 Population Estimates (this might be delayed)
Click on graph for larger image.
• Early, Census Bureau to Release Vintage 2021 Population Estimates (this might be delayed)
• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 230 thousand up from 229 thousand last week.
• At 8:30 AM, Personal Income and Outlays, May 2022. The consensus is for a 0.5% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.4%. PCE prices are expected to be up 6.2% YoY, and core PCE prices up 4.7% YoY.
• At 9:45 AM: Chicago Purchasing Managers Index for June.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.9% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 222.1 | — | ≥2321 | |
| New Cases per Day3🚩 | 108,505 | 99,702 | ≤5,0002 | |
| Hospitalized3🚩 | 26,232 | 25,023 | ≤3,0002 | |
| Deaths per Day3🚩 | 321 | 283 | ≤502 | |
| 1 Minimum to achieve “herd immunity” (estimated between 70% and 85%). 2my goals to stop daily posts, 37-day average for Cases, Currently Hospitalized, and Deaths 🚩 Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths ✅ Goal met. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
Average daily deaths bottomed in July 2021 at 214 per day.