by Calculated Risk on 6/29/2022 08:31:00 PM

Thursday:
• Early, Census Bureau to Release Vintage 2021 Population Estimates (this might be delayed)

• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 230 thousand up from 229 thousand last week.

• At 8:30 AM, Personal Income and Outlays, May 2022. The consensus is for a 0.5% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.4%.  PCE prices are expected to be up 6.2% YoY, and core PCE prices up 4.7% YoY.

• At 9:45 AM: Chicago Purchasing Managers Index for June.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Now	Week Ago	Goal
Percent fully Vaccinated	66.9%	---	≥70.0%1
Fully Vaccinated (millions)	222.1	---	≥2321
New Cases per Day3🚩	108,505	99,702	≤5,0002
Hospitalized3🚩	26,232	25,023	≤3,0002
Deaths per Day3🚩	321	283	≤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.

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.