Calculated Risk: Friday: Employment Report

by Calculated Risk on 8/04/2022 08:48:00 PM

My July Employment Preview

Goldman July Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for July.   The consensus is for 250,000 jobs added, and for the unemployment rate to be unchanged at 3.6%.

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows in April 2022.

COVID Metrics
  Now Week
Ago
Goal
New Cases per Day2 117,350 126,536 ≤5,0001
Hospitalized2 37,220 37,451 ≤3,0001
Deaths per Day2 377 397 ≤501
1my goals to stop daily posts,
27-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.

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

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