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Thursday: GDP, Unemployment Claims

by Calculated Risk on 4/27/2022 09:23:00 PM

o At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 180 thousand down from 184 thousand last week.

o Also at 8:30 AM, Gross Domestic Product, 1st quarter 2021 (Advance estimate). The consensus is that real GDP increased 1.0% annualized in Q1, down from 6.9% in Q4.

o At 11:00 AM, the Kansas City Fed manufacturing survey for April. This is the last of regional manufacturing surveys for April.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.1%—>=70.0%1Fully Vaccinated (millions)219.4—>=2321New Cases per Day3?48,69240,812<=5,0002Hospitalized3?10,6069,833<=3,0002Deaths per Day3299360<=5021 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.

Click on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.Deaths are declining week-over-week, but new cases and hospitalizations are increasing.

Average daily deaths bottomed in July 2021 at 214 per day.

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