Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 210 thousand up from 203 thousand last week.
Click on graph for larger image.
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 210 thousand up from 203 thousand last week.
• Also at 8:30 AM, the Philly Fed manufacturing survey for May. The consensus is for a reading of 16.7, down from 17.6.
• At 10:00 AM, Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 5.62 million SAAR, down from 5.77 million.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.5% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 220.7 | — | ≥2321 | |
| New Cases per Day3🚩 | 99,347 | 81,031 | ≤5,0002 | |
| Hospitalized3🚩 | 16,624 | 14,258 | ≤3,0002 | |
| Deaths per Day3 | 273 | 317 | ≤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.
New cases have quadrupled from the recent low, and hospitalizations are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.