Thursday: Personal Income & Outlays, Unemployment Claims, Chicago PMI

Thursday:
• 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.


COVID-19 Positive Tests per DayClick 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.