Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for an increase to 218 thousand from 213 thousand last week.
• Also, at 8:30 AM, Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual Update The consensus is that real GDP decreased 0.6% annualized in Q2, unchanged from the second estimate of -0.6%.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| New Cases per Day2 | 50,397 | 55,529 | ≤5,0001 | |
| Hospitalized2 | 23,531 | 25,768 | ≤3,0001 | |
| Deaths per Day2 | 354 | 379 | ≤501 | |
| 1my 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. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
NOTE: Cases have declined by more than half, and deaths lag cases – so we might see average daily deaths in the 200s soon (better, but still too high).
Average daily deaths bottomed in July 2021 at 214 per day.