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Thursday: Unemployment Claims, Philly Fed Mfg, Fed Chair Powell on Global Economy

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 185 thousand from 185 thousand last week.

• Also at 8:30 AM, the Philly Fed manufacturing survey for April. The consensus is for a reading of 20.0, down from 27.4.

• At 1:00 PM, Discussion, Fed Chair Pro Tempore Jerome Powell, The Global Economy, At the International Monetary Fund Debate on the Global Economy

On COVID (focus on hospitalizations and deaths):

COVID Metrics
 
Now
Week
Ago
Goal

Percent fully Vaccinated
66.0%

≥70.0%1

Fully Vaccinated (millions)
219.0

≥2321

New Cases per Day3🚩
40,985
30,926
≤5,0002

Hospitalized3

9,643
9,835
≤3,0002

Deaths per Day3

385
459
≤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.

Hospitalizations and deaths are declining week-over-week, but new cases are increasing.

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

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