In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Wednesday, January 12, 2022

Thursday: Unemployment Claims, PPI

by Calculated Risk on 1/12/2022 08:52:00 PM

• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for 210 thousand initial claims.

• Also, at 8:30 AM, The Producer Price Index for December from the BLS. The consensus is for a 0.4% increase in PPI, and a 0.5% increase in core PPI.

• At 10:00 AM, Testimony, Fed Governor Lael Brainard, Nomination Hearing, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

And on COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated62.6%---≥70.0%1
Fully Vaccinated (millions)208.0---≥2321
New Cases per Day3🚩761,535556,134≤5,0002
Deaths per Day3🚩1,6561,238≤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 positive tests reported.

The 7-day average for new cases and hospitalizations are at record levels.

Fortunately, deaths are still below the previous 7-day average record of 3,421 per day in January 2021.