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Friday: Employment Report

My January Employment Preview

Goldman January Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for January.   The consensus is for 155 thousand jobs added, and for the unemployment rate to be unchanged at 3.9%.  There were 199 thousand jobs added in December, and the unemployment rate was at 3.9%.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
 
Now
Week
Ago
Goal

Percent fully Vaccinated
63.9%

≥70.0%1

Fully Vaccinated (millions)
212.1

≥2321

New Cases per Day3

415,552
636,024
≤5,0002

Hospitalized3

124,134
142,482
≤3,0002

Deaths per Day3🚩
2,369
2,286
≤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.

Click 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.

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