My May Employment Preview
Click on graph for larger image.
Friday:
• At 8:30 AM ET, Employment Report for May. The consensus is for 320,000 jobs added, and for the unemployment rate to decline to 3.5%.
• At 10:00 AM, the ISM Services Index for May. The consensus is for a reading of 56.4, down from 57.1.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.7% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 221.4 | — | ≥2321 | |
| New Cases per Day3 | 100,683 | 110,080 | ≤5,0002 | |
| Hospitalized3🚩 | 21,306 | 20,290 | ≤3,0002 | |
| Deaths per Day3 | 244 | 318 | ≤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. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
New cases have quadrupled from the recent low, and deaths are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.