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Wednesday, February 02, 2022

Thursday: Unemployment Claims, ISM Services

by Calculated Risk on 2/02/2022 08:50:00 PM

Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for a decrease to 250 thousand from 260 thousand last week.

• At 10:00 AM, the ISM Services Index for January.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
 NowWeek
Ago
Goal
Percent fully Vaccinated63.8%---≥70.0%1
Fully Vaccinated (millions)212.0---≥2321
New Cases per Day3415,552636,024≤5,0002
Hospitalized3127,329143,924≤3,0002
Deaths per Day3🚩2,3692,286≤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 positive tests reported.

New cases and hospitalizations are now declining.

Unfortunately, deaths are still rising, but well below the previous 7-day average record of 3,421 in January 2021.