Calculated risks: Thursday: trade deficit, unemployment claims

by Calculated risk on 03/08/2022 09:17:00 PM

Wednesday:
• 8:30 a.m. ET, Trade Balance Report for June from the Census Bureau. The consensus is that the trade deficit will be $80.1 billion. The US trade deficit was $85.5 billion in the previous month.

• Also at 8:30 am, The . website was shown Initial weekly jobless claims The report will be released. The consensus is 265K vs. 256K last week.

On COVID (focus on hospitalization and mortality):

The number of hospital admissions has nearly quadrupled from its lowest level in April 2022.

COVID metrics
Currently week
Ago
Goal
New cases per day2 119.034 126,812 50001
in the hospital2 37132 37286 ≤ 30001
daily deaths2 387 396 ≤501
1My goals are to stop daily posts,
27 days average for cases, current patients, and deaths
🚩 An average increase of 7 days per week in cases, hospital stays, and deaths

✅ The goal has been achieved.


Positive COVID-19 tests dailyClick on the chart for a larger picture.

This graph shows the daily average (the bars) and the 7-day average (the line) of reported deaths.

Average daily deaths fell to the lowest level in July 2021 at 214 cases per day.

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