Calculated Risk: Thursday: Unemployment Claims, GDP

by Calculated Risk on 9/28/2022 09:04:00 PM

• 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
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.

COVID-19 Deaths per DayClick 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.

Image and article originally from Read the original article here.