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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg, Industrial Production

by Calculated Risk on 3/16/2022 08:55:00 PM

o At 8:30 AM ET, Housing Starts for February. The consensus is for 1.695 million SAAR, up from 1.638 million SAAR.

o Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for a decrease to 225 thousand from 227 thousand last week.

o Also at 8:30 AM, the Philly Fed manufacturing survey for March. The consensus is for a reading of 15.0, down from 16.0.

o At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for February. The consensus is for a 0.5% increase in Industrial Production, and for Capacity Utilization to increase to 77.9%.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated65.3%—>=70.0%1Fully Vaccinated (millions)216.8—>=2321New Cases per Day330,93436,852<=5,0002Hospitalized320,78029,017<=3,0002Deaths per Day31,1071,153<=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.New cases, hospitalizations and deaths are still declining.

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