Calculated Risk: Thursday: GDP, Unemployment Claims


by Calculated Risk on 8/24/2022 08:58:00 PM

• At 8:30 AM ET, Gross Domestic Product, 2nd quarter 2022 (second estimate). The consensus is that real GDP decreased 0.8% annualized in Q2, up from the advance estimate of -0.9% in Q2.

• Also at 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for an increase to 253 thousand from 250 thousand last week.

• At 11:00 AM, the Kansas City Fed manufacturing survey for August.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
  Now Week
New Cases per Day2 89,698 99,736 ≤5,0001
Hospitalized2 33,247 35,597 ≤3,0001
Deaths per Day2 390 443 ≤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.

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.


Image and article originally from Read the original article here.