July 02, 2020 For the week ended June 27, seasonally adjusted initial claims declined by 55,000 to 1,427,000 from the previous week’s revised level. Claims for the prior week was 1,482,000 following an upward revision of 2,000 from 1,480,000. According to the U.S. Department of Labour (DOL), “The 4-week moving average was 1,503,750, a decrease of
Government Operations Results for May 2020 For the period of April to May 2020, the GOJ reported Total Revenues & Grants of $74.62 billion, $3.66 billion more than the Government’s projection. Furthermore, year over year, this represents a decrease of approximately 22.3% relative to the $91.29 billion recorded for the corresponding period in 2019. ‘Tax
July 01, 2020 In the first quarter of 2020, the Jamaican economy decreased by 2.3% when compared to the similar quarter of 2019, according to Statistical Institute of Jamaica (STATIN). This was attributable to declines in both the Services and Goods Producing industries of 2.5% and 1.9%, respectively. Notably, the economy's output was adversely affected
June 30, 2020 In June 2020, a month marked by the gradual lifting of COVID-19 containment measures, the euro area annual inflation rate is expected to be 0.3%, an increase from 0.1% in May, according to a flash estimate from the statistical office of the European Union (Eurostat). The highest contribution to the euro area
June 29, 2020 Real gross domestic product (GDP) declined at an annual rate of 5% for the first quarter of 2020 according to the third estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2019, real GDP had a 2.1% growth. The downward movement in real GDP for the
June 26, 2020 In May, personal income fell $874.2 billion (4.2%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $911.1 billion (4.9%) and personal consumption expenditures (PCE) rose $994.5 billion (8.2%). Real DPI declined 5.0% in May and Real PCE rose 8.1%. The PCE price
June 25, 2020 For the week ended June 20, seasonally adjusted initial claims declined by 60,000 to 1,480,000 from the previous week’s revised level. Claims for the prior week was 1,540,000 following an upward revision of 32,000 from 1,508,000. According to the U.S. Department of Labour (DOL), “The 4-week moving average was 1,620,750, a decrease of
Brent Oil Brent oil prices decreased by 2.77% or US$1.15, as prices declined this week relative to the prior week. Oil traded on June 25, 2020 at a price of US$40.36 per barrel relative to US$41.51 on June 18, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased
June 24, 2020 During the period January to March 2020, Jamaica’s imports amounted US$1,329.4 million decreasing by 19.0% relative to US$1,641.5 million for the corresponding period in 2019 based on data released by the Statistical Institute of Jamaica (STATIN). Revenue from total exports totalled US$346.7 million for the period under review, a decline of 22.3%
June 23, 2020 In the first quarter 2020, state personal income rose 2.3% at an annual rate relative to the 3.6% increase in the fourth quarter of 2019 according to estimates released by Bureau of Economic Analysis (BEA). The BEA also noted, “the percent change in personal income across all states ranged from 4.9% in
