Thursday: PPI, Unemployment Claims

Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for 210 thousand up from 200 thousand last week.

• At 8:30 AM, The Producer Price Index for April from the BLS. The consensus is for a 0.5% increase in PPI, and a 0.6% increase in core PPI.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
 
Now
Week
Ago
Goal

Percent fully Vaccinated
66.3%
—
≥70.0%1

Fully Vaccinated (millions)
220.3
—
≥2321

New Cases per Day3🚩
78,236
61,715
≤5,0002

Hospitalized3🚩
14,104
12,291
≤3,0002

Deaths per Day3

326
332
≤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.

New cases have more than doubled from the recent low, and hospitalizations are increasing week-over-week.

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