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Goldman January Payrolls Preview
Friday:
• At 8:30 AM ET, Employment Report for January. The consensus is for 155 thousand jobs added, and for the unemployment rate to be unchanged at 3.9%. There were 199 thousand jobs added in December, and the unemployment rate was at 3.9%.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 63.9% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 212.1 | — | ≥2321 | |
| New Cases per Day3 | 415,552 | 636,024 | ≤5,0002 | |
| Hospitalized3 | 124,134 | 142,482 | ≤3,0002 | |
| Deaths per Day3🚩 | 2,369 | 2,286 | ≤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. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of positive tests reported.
New cases and hospitalizations are now declining.
Unfortunately, deaths are still rising, but well below the previous 7-day average record of 3,421 in January 2021.
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