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Thursday: Unemployment Claims, Trade Deficit, ISM Services

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by Calculated Risk on 1/05/2022 09:00:00 PM

Thursday:
o At 8:30 AM ET, The initial weekly unemployment claims report will be released. Initial claims were 198 thousand last week.

o At 8:30 AM, Trade Balance report for November from the Census Bureau. The consensus is the trade deficit to be $70.0 billion. The U.S. trade deficit was at $67.1 billion in October.

o At 10:00 AM, the ISM Services Index for December.

And on COVID (focus on hospitalizations and deaths):

COVID Metrics
Today
Week
Ago
Goal
Percent fully Vaccinated
62.3%

>=70.0%1
Fully Vaccinated (millions)
206.8

>=2321
New Cases per Day3?
554,328
281,842
<=5,0002
Hospitalized3?
85,423
64,152
<=3,0002
Deaths per Day3?
1,238
1,072
<=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 positive tests reported.

New cases are at record levels. It appears likely hospitalizations will exceed the previous 7-day average record of 124,031 a year ago.
Fortunately, deaths are still well below the previous 7-day average record of 3,421 in January 2021.

Apartment Vacancy Rate Declined in Q4

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