June 3, 2020 Unemployment rates trended upward for the month of April in all 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), unemployment rates were, “A total of 52 areas had jobless rates of less than 10.0% and 12 areas had rates of at least 25.0%.” Non-farm payroll employment
Government Operations Results for April 2020 For the period of April 2020, the GOJ reported Total Revenues & Grants of $36.77 billion, $3.70 million more than the Government’s projection. Furthermore, year over year, this represents a decrease of approximately 20.3% relative to the $46.11 billion recorded for the corresponding period in 2019. Tax Revenue’ amounted
Date: June 01, 2020 Lasco Manufacturing, for the year ended March 31, 2020, total revenue increased by 4% from $7.57 billion in 2019 to $7.89 billion in 2020. Revenue increased 5% for the fourth quarter to a total of $2.04 billion, relative to the $1.95 billion recorded for the comparable period in 2019. Cost of
May 29, 2020 In April, personal income rose $1.97 trillion (10.5%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $2.13 trillion (12.9%) and personal consumption expenditures (PCE) fell $1.89 trillion (13.6%). Real DPI rose 13.4% in April and Real PCE declined 13.2%. The PCE price
May 28, 2020 Brent Oil Brent oil prices decreased by 0.55% or US$0.20, as prices fell this week relative to the prior week. Oil traded on May 28, 2020 at a price of US$35.86 per barrel relative to US$36.06 on May 21, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
May 28, 2020 Real gross domestic product (GDP) declined at an annual rate of 5% for the first quarter of 2020 according to the second 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
May 27, 2020 During the period January to February 2020 the Jamaica’s imports amounted US$941.1 million decreasing by 14.3% relative to US$1,098.3 million for the corresponding period in 2019 based on data released by the Statistical Institute of Jamaica (STATIN). Revenue from total exports totalled US$238.2 million for the period under review, a decline of
May 26, 2020 Bank of Jamaica’s (BOJ’s) ongoing reform of the foreign exchange (FX) market is poised to take another significant step. The long-awaited electronic FX Trading Platform (FXTP) is almost here. The platform will facilitate real time electronic FX trading and observation of trades between all authorized FX traders - namely Deposit Taking Institutions
May 22, 2020 Fifty states and the District of Columbia posted higher unemployment rates in April based on a report by the Bureau of Labour Statistics (BLS). All 50 states and the District had jobless rate increases from last year. Whereas, there was an increase in the national unemployment rate to 14.7%, over the month
May 21, 2020 Brent Oil Brent oil prices increased by 16.16% or US$5.03, as prices rose this week relative to the prior week. Oil traded on May 21, 2020 at a price of US$36.16 per barrel relative to US$31.13 on May 15, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
