Thursday: Q2 GDP, Unemployment Claims

by Calculated Risk on 7/27/2022 09:01:00 PM

o At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 248 thousand down from 251 thousand last week.

o Also, at 8:30 AM, Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 0.4% annualized in Q2, up from -1.6% in Q1.

o At 11:00 AM, Kansas City Fed Survey of Manufacturing Activity for July. This is the last of the regional surveys for July.

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows in April 2022.

COVID MetricsNowWeekAgoGoalNew Cases per Day2?127,786126,610<=5,0001Hospitalized2?36,90935,126<=3,0001Deaths per Day2366391<=5011my 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.

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