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Thursday: GDP, Unemployment Claims

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by Calculated Risk on 8/24/2022 08:58:00 PM

Thursday:
o At 8:30 AM ET, Gross Domestic Product, 2nd quarter 2022 (second estimate). The consensus is that real GDP decreased 0.8% annualized in Q2, up from the advance estimate of -0.9% in Q2.

o Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for an increase to 253 thousand from 250 thousand last week.

o At 11:00 AM, the Kansas City Fed manufacturing survey for August.

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeekAgoGoalNew Cases per Day289,69899,736<=5,0001Hospitalized233,24735,597<=3,0001Deaths per Day2390443<=5011my goals to stop daily posts,27-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.

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

Update: Housing Completions will Increase Sharply in Late 2022 and Early 2023

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