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Wednesday, July 20, 2022

Thursday: Unemployment Claims, Philly Fed Mfg

by Calculated Risk on 7/20/2022 09:39:00 PM

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 235 thousand down from 244 thousand last week.

• Also at 8:30 AM, the Philly Fed manufacturing survey for July. The consensus is for a reading of 5.5, up from -3.1.

On COVID (focus on hospitalizations and deaths):


Hospitalizations have almost quadrupled from the lows in April 2022.

COVID Metrics
 NowWeek
Ago
Goal
New Cases per Day2🚩126,018123,525≤5,0001
Hospitalized2🚩34,51132,288≤3,0001
Deaths per Day2353366≤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.

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.

Average daily deaths bottomed in July 2021 at 214 per day.