February 02, 2021 Total Construction During December 2020, construction spending rose an estimated seasonally adjusted annual rate of 1% (± 0.8%) to $1,490.4 billion, reported by US Census Bureau. This was above the revised November estimate of $1,475.6 billion. Moreover, this December figure is 5.7% (±1.0%) above the December 2019 estimate of $1,410.3 billion. In
February 1, 2021 Government Operations Results for December 2020 For the period of April to December 2020, the GOJ reported Total Revenues & Grants of $398.26 billion, $378.2 million more than the Government’s projection. This represented a decrease of approximately 15.1% relative to the $469.16 billion recorded for the corresponding period in 2019. ‘Non-tax Revenue’
January 29, 2021 In December, personal income rose $116.6 billion (0.6%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) rose $111.6 billion (0.6%) and personal consumption expenditures (PCE) fell $27.9 billion (0.2%). Real DPI climbed 0.2% in December, and Real PCE fell 0.6%. The PCE price rose 0.4%. The
January 28, 2021 The seasonally adjusted initial claims, advance estimate, decreased by 67,000 to 847,000, for the week ending January 23, from the prior week’s revised level, according to the U.S. Department of Labour (DOL). The prior week’s level was revised from 900,000 to 914,000 up by 14,000. In comparison to the previous week’s average, the 4-week moving
January 27, 2021 The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Though the COVID-19 pandemic continues to cause tremendous hardship globally, economic activities and employment have moderated in recent months. The fall in
January 27, 2021 As at the end of the second quarter of 2020, the government debt to GDP ratio for the euro area was 97.3% relative to 95.0% at the end of the second quarter of 2020. Notably, Q3 2020 is still impacted by policy responses to the COVID-19 containment measures, which materialised in increased
January 27, 2021 According to the statistical office of the European Union (Eurostat), the third quarter seasonally adjusted general government deficit of GDP ratio was 5.8% in euro area and 5.6% EU. Notably, “a sharp rebound from the highest deficit recorded in the euro area and the EU since the start of the time series
January 26, 2021 For the month of December, jobless rates were lower in 19 states, higher in 12 states, and unchanged in 19 states and the District of Columbia based on a report by the Bureau of Labour Statistics (BLS). Forty-five states and the District experienced jobless rate increases from last year, one state had
January 21, 2021 The seasonally adjusted initial claims, advance estimate, decreased by 26,000 to 900,000 for the week ending January 16, from the prior week’s revised level, according to the U.S. Department of Labour (DOL). The prior week’s level was revised from 965,000 to 926,000 down by 39,000. In comparison to the previous week’s average, the 4-week moving average was 848,000,
January 20, 2021 BOJ NEWS RELEASE: WHICH INFLATION RATE DOES BOJ TARGET? On Friday, 15 January 2021, the Statistical Institute of Jamaica (STATIN) published its bulletin for the Consumer Price Index for December 2020. In this report, it was noted that, for calendar year 2020, the inflation rate was 6.4 per cent. The same release by STATIN
