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Thursday: Unemployment Claims, PPI

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by Calculated Risk on 8/10/2022 08:27:00 PM

Thursday:
o At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 263 thousand up from 260 thousand last week.

o Also at 8:30 AM, The Producer Price Index for July from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.4% increase in core PPI.

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows in April 2022.

COVID MetricsNowWeekAgoGoalNew Cases per Day2107,077121,260<=5,0001Hospitalized236,66337,632<=3,0001Deaths per Day2395422<=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.

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