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Wednesday, December 22, 2021

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

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

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

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

• 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.

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

• 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
Percent fully Vaccinated61.7%---≥70.0%1
Fully Vaccinated (millions)204.8---≥2321
New Cases per Day3🚩161,261118,855≤5,0002
Deaths per Day3🚩1,2231,112≤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).