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

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

Thursday:
• 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.

• 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.

• 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 Metrics
  Now Week
Ago
Goal
Percent fully Vaccinated 66.0% ≥70.0%1
Fully Vaccinated (millions) 219.0 ≥2321
New Cases per Day3🚩 40,985 30,926 ≤5,0002
Hospitalized3 9,643 9,835 ≤3,0002
Deaths per Day3 385 459 ≤502
1 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.


COVID-19 Positive Tests per DayClick 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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