by Calculated Risk on 6/01/2022 09:14:00 PM

Thursday:
• At 8:15 AM ET, The ADP Employment Report for May. This report is for private payrolls only (no government). The consensus is for 280,000 payroll jobs added in May, up from 247,000 in April.

• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 210 thousand unchanged from 210 thousand last week.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
	Now	Week Ago	Goal
Percent fully Vaccinated	66.7%	---	≥70.0%1
Fully Vaccinated (millions)	221.4	---	≥2321
New Cases per Day3	103,686	108,692	≤5,0002
Hospitalized3🚩	20.984	20.011	≤3,0002
Deaths per Day3	264	303	≤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 deaths reported.

New cases have quadrupled from the recent low, and deaths are increasing week-over-week.

Average daily deaths bottomed in July 2021 at 214 per day.