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Wednesday, February 16, 2022

Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg

by Calculated Risk on 2/16/2022 08:39:00 PM

• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for a decrease to 222 thousand from 223 thousand last week.

• Also, at 8:30 AM, Housing Starts for January. The consensus is for 1.700 million SAAR, down from 1.702 million SAAR.

• Also, at 8:30 AM, the Philly Fed manufacturing survey for February. The consensus is for a reading of 20.0, down from 23.2.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated64.5%---≥70.0%1
Fully Vaccinated (millions)214.2---≥2321
New Cases per Day3134,468229,428≤5,0002
Deaths per Day32,1002,331≤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 deaths reported.

New cases, hospitalizations and deaths are now declining.