January 07, 2021 In December, total nonfarm payroll employment increased by 199,000. The unemployment rate ticked down to 3.9% in December. The job growth was spread across various industries, with notable gains in leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing. Professional and business services added
January 06, 2022 The government of Guyana on Wednesday announced two new economically viable oil discoveries by Exxon Exploration and Production Guyana (EEPGL) and partners at Fangtooth-1 and Lau-Lau-1 Wells Offshore Guyana within the Stabroek Block. At a press release, Vickram Bharrat M.P, minister of natural resources, noted the Fangtooth-1 well revealed approximately 194 feet
January 06, 2022 The advance figure for seasonally adjusted initial claims in the week ending January 1 was 207,000, a 7,000 increase from the previous week's revised level. The prior week's figure was raised by 2,000 points, from 198,000 to 200,000. The 4-week moving average was 204,500, an increase of 4,750 from the corrected average
January 06, 2022 The goods and services deficit in November was $80.2 billion, up $13.0 billion from $67.2 billion in October, according to the U.S. Census Bureau and the Bureau of Economic Analysis. November exports totaled $224.2 billion, a $0.4 billion increase over October exports. November imports totaled $304.4 billion, a $13.4 billion increase over
January 5, 2022 According to the U.S. Bureau of Labor Statistics, the number of job openings fell to 10.6 million on the last business day of November. Hires remained stable at 6.7 million, while total separations grew to 6.3 million. The quits rate inside separations jumped to 3.0 percent, matching a series high last observed
January 04, 2022 Total Construction Construction spending in November 2021 is expected to be $1,625.9 billion, up 0.4% (±1.0%) from the revised October estimate of $1,618.8 billion. The November amount is 9.3% (±1.2%) higher than the November 2020 projection of $1,487.2 billion. Construction spending was $1,463.2 billion in the first eleven months of this year,
January 03, 2021 In March 2021, BOJ announced that it was testing a prototype central bank digital currency with vendor eCurrency Mint Inc. in BOJ’s Fintech Regulatory Sandbox. This was followed in May 2021 by the commencement of an 8-month long pilot which ended on the 31st of December 2021. Now, the Bank of Jamaica
January 03, 2022 The US Bureau of Labor Statistics revealed that unemployment rates were lower in November than a year ago in all 389 metropolitan areas. A total of 139 areas had unemployment rates of less than 3.0%, while two areas had rates of more than 10.0%. Nonfarm payroll employment grew throughout the course of the year
December 30, 2021 The Department of Work Permits received 6,089 applications for work permits for the 2019/20 fiscal year. When compared to the previous fiscal year, this is a decline of 710 (or 10.4%). There were 2,624 new applicants among the total number of applications received, accounting for 43% of the total. In the fiscal
December 28, 2021 United States: Holiday Sales Jump 8.5% as U.S. Consumers Return to Retailers “U.S. holiday sales jumped 8.5% from last year as consumers spent more money on clothes, jewelry and electronics, a report from Mastercard SpendingPulse showed. Sales grew across the board, both in stores and online, for the holiday season defined
