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Thursday: Unemployment Claims, Durable Goods, Personal Income and Outlays, New Home Sales

by Calculated Risk on 12/22/2021 07:34:00 PM

o At 8:30 AM ET, the initial weekly unemployment claims report will be released. Initial claims were 206 thousand last week.

o Also, at 8:30 AM, Durable Goods Orders for November.

o Also, at 8:30 AM, Personal Income and Outlays for November. The consensus is for a 0.2% increase in personal income, and for a 1.0% increase in personal spending.

o At 10:00 AM, New Home Sales for November from the Census Bureau. The consensus is 766 thousand sales SAAR.

o Also, at 10:00 AM, University of Michigan’s Consumer sentiment index (Final for December).

From CR on COVID (mostly focus on hospitalizations and deaths, although new cases are rising rapidly):

The CDC is the source for all data.
COVID Metrics
Today Week
Percent fully Vaccinated 61.7% >=70.0%1
Fully Vaccinated (millions) 204.8 >=2321
New Cases per Day3? 161,261 118,855 <=5,0002
Hospitalized3? 61,290 59,405 <=3,0002
Deaths per Day3? 1,223 1,112 <=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.

COVID-19 Positive Tests per DayClick on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of cases reported.

The scale might change soon (almost record number of new cases reported yesterday).

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