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Thursday: New Home Sales, GDP, Unemployment Claims

by Calculated Risk on 2/23/2022 09:00:00 PM

o At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for a decrease to 240 thousand from 248 thousand last week.

o Also, at 8:30 AM, Gross Domestic Product, 4th quarter 2021 (Second estimate). The consensus is that real GDP increased 7.0% annualized in Q4, up from the advance estimate of 6.9%.

o Also, at 8:30 AM, Chicago Fed National Activity Index for January. This is a composite index of other data.

o At 10:00 AM, New Home Sales for January from the Census Bureau. The consensus is that new home sales decreased to 807 thousand SAAR, down from 811 thousand in December.

o At 11:00 AM, the Kansas City Fed manufacturing survey for February

On COVID (focus on hospitalizations and deaths):

COVID MetricsNowWeek
AgoGoalPercent fully Vaccinated64.8%—>=70.0%1Fully Vaccinated (millions)215.1—>=2321New Cases per Day379,539133,392<=5,0002Hospitalized356,22277,791<=3,0002Deaths per Day31,6022,096<=5021 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.

New cases, hospitalizations and deaths are now declining.

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