November 11, 2021 Total nonfarm payroll employment increased by 531,000 in October, as the unemployment rate decreased to 4.6%, according to a report by the U.S. Bureau of Labour Statistics (BLS). BLS mentioned that in October, “notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and transportation and warehousing. Employment
November 3, 2021 On November 3, 2021, the Federal Reserve decided to maintain its benchmark interest rate at 0 and 0.25% after the Federal Open Market Committee concluded its two-day meeting. This target range is expected to be maintained until labor market conditions have reached levels consistent with the Committee’s assessments. With progress on vaccinations
November 03, 2021 According to the US Bureau of Labor Statistics, unemployment rates were lower in 386 of the 389 metropolitan areas in September than a year ago, higher in two areas, and unchanged in one region. There were 88 locations with unemployment rates of less than 3.0% and two areas with rates of more
November 02, 2021 Total Construction Construction spending is expected to be $1,573.6 billion in September 2021, down 0.5% (±1.0%) from the revised August estimate of $1,582.0 billion. The September amount is $1,459.3 billion, which is 7.8% (±1.5%) higher than the September 2020 projection of $1,459.3 billion. Construction investment reached $1,177.5 billion in the first nine
November 2, 2021 According to an estimate published by Eurostat, the statistical office of the European Union, for the third quarter of 2021 seasonally adjusted GDP for the euro area increased by 2.2% and by 2.1% in the EU, when compared with the previous quarter. Flashback to the second quarter, where GDP rose by 2.1%
November 2, 2021 Royal Caribbean CEO Richard Fain recently expressed that his company hasn’t suffered much from U.S. staffing challenges because the cruise line leans on a global talent pool. Fain lamented that jobs at Royal Caribbean are “so desirable” to overseas workers that recruitment is easy, at a time when other companies in the
October 29, 2021 Real gross domestic product (GDP) rose at an annual rate of 2.0% for the third quarter of 2021 according to the advance estimate released by the Bureau of Economic Analysis (BEA). This follows an increase of 6.7% in the second quarter. The third quarter GDP increase reflected continued economic impact of the
October 27, 2021 USA Economic Review -September 2021 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was,
October 27, 2021 Monthly Economic Review - September 2021 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation
October 21, 2021 According to the Statistical Institute of Jamaica (STATIN), as at July 2021, there were 1,215,000 employed persons. This was 93,400 or 8.3% more than the number of persons when compared to July 2020. In July 2021, the unemployment rate was 8.5%, which was 4.1 percentage points lower than the rate of 12.6%
