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Thursday: Unemployment Claims, Philly Fed Mfg, Fed Chair Powell on Global Economy

by Calculated Risk on 4/20/2022 08:53:00 PM

Thursday:
o At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 185 thousand from 185 thousand last week.

o Also at 8:30 AM, the Philly Fed manufacturing survey for April. The consensus is for a reading of 20.0, down from 27.4.

o At 1:00 PM, Discussion, Fed Chair Pro Tempore Jerome Powell, The Global Economy, At the International Monetary Fund Debate on the Global Economy

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated66.0%—>=70.0%1Fully Vaccinated (millions)219.0—>=2321New Cases per Day3?40,98530,926<=5,0002Hospitalized39,6439,835<=3,0002Deaths per Day3385459<=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.Hospitalizations and deaths are declining week-over-week, but new cases are increasing.

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

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