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Thursday: ADP Employment, Unemployment Claims

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

Thursday:
o 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.

o 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 MetricsNowWeek
AgoGoalPercent fully Vaccinated66.7%—>=70.0%1Fully Vaccinated (millions)221.4—>=2321New Cases per Day3103,686108,692<=5,0002Hospitalized3?20.98420.011<=3,0002Deaths per Day3264303<=5021 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.

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