May 18, 2022 In April, total nonfarm payroll employment increased by 428,000. The unemployment rate was stable at 3.6% which is 5.9 million persons in April 2022. Notably, these measures are little different from their values in February 2020 (3.5% and 5.7 million, respectively), prior to the coronavirus (COVID-19) pandemic. The job growth was spread
May 17, 2022 Outline According to STATIN (The Statistical Institute of Jamaica), the All Jamaican Consumer Price Index at the end of April 2022 was 120.4, down 0.1 per cent from the index value recorded on March 31, 2022 – which closed at 120.4. The marginal monthly decline was primarily linked to a 3.1 per
May 11, 2022 The Financial Policy Committee (FPC), following their meeting of May 6, 2022, and review of the financial performances and risks up to the quarter ended March 2022, issued the Statement dated May 10, 2022, which serves as an update to the FPC’s Statement on the Annual Financial Stability Report dated April
May 10, 2022 BOJ has reported that Jamaica’s Net International Reserves as at April 30, 2022 stood at US$3,734.14 million, reflecting an increase of US$58.30 million when compared to the US$3,675.85 million reported at the end of March 2022. Foreign Assets totalled US$4,357.47 million, US$33.81 million more than the US$4,323.66 million reported in March 2022.
May 06, 2022 The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, increased in March 2022, driven by the interest rate effect. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months increased by 18 basis
April 6, 2022 According to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis goods and services deficit was $109.8 billion in March, $20 billion more than the $89.8 billion booked in February, revised. It was noted, March exports increased by $12.9 billion to $241.7 billion when compared to February exports. March imports
May 05, 2022 In March 2022, the euro area seasonally-adjusted unemployment rate was 6.8%, down from 6.9% in February 2022 and from 8.2% in March 2021. The EU unemployment rate was 6.2% in March 2022, down from 6.3% in February 2022 and from 7.5% in March 2021. Eurostat estimates that 13.374 million men and women
May 05, 2022 In March 2022, the seasonally adjusted volume of retail trade decreased by 0.4% in the euro area and by 0.2% in the EU, compared with February 2022, according to estimates from Eurostat, the statistical office of the European Union. In February 2022, the retail trade volume increased by 0.4% in the euro
May 4, 2022 According to the Bureau of Economic Analysis, B.E.A.)“advance” estimate, real gross domestic product (GDP) decreased at an annual rate of 1.4% in the first quarter of 2022. Real GDP increased by 6.9% in the fourth quarter of 2021. The GDP estimate released on April 28, 2022 is based on incomplete source data
May 4, 2022 The Federal Reserve raised interest rates by a half-percentage point to get a handle on the worst inflation America has seen in 40 years. The target range for the federal funds rate is now 3/4 to 1 percent. The Federal Reserve highlighted that household spending and business fixed investment remained strong, though overall economic
