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

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

Thursday:
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
Ago
Goal
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.

Click 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).

December Vehicle Sales Forecast: Decrease to 12.7 million SAAR

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