November 10, 2020 Total nonfarm payroll employment climbed 638,000 in October, as the unemployment rate fell to 6.9%, according to a report by the U.S. Bureau of Labour Statistics (BLS). The improved performance was due to the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to
November 9, 2020 Jamaica’s Net International Reserves (NIR) totalled US$2,893.31 million as at October 2020, reflecting an increase of US$145.81 million relative to the US$2,747.49 million reported at the end of September 2020 (see figure 1). This significant change in the NIR resulted from a US$146.25 million increase in Foreign Assets which total US$3,859.62 million
November 5, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 7,000 to 751,000 for the week ending October 31 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 751,000 to 758,000 up by 7,000. In comparison to the previous week’s average, the 4-week moving average was 787,000,
November 4, 2020 The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $63.9 billion in September, down $3.2 billion from $67.0 billion in August, revised.” September exports amounted to $176.4 billion, which was more than August exports by $4.4 billion, whereas, September imports amounted to $240.2 billion which was $1.2 billion more
November 02, 2020 In September, personal income rose $170.3 billion (0.9%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $150.3 billion (0.9%) and personal consumption expenditures (PCE) rose $201.4 billion (1.4%). Real DPI climbed 0.7% in September, and Real PCE rose 1.2%. The PCE price
November 2, 2020 Government Operations Results for September 2020 For the period of April to September 2020, the GOJ reported Total Revenues & Grants of $256.56 billion, $9.72 billion more than the Government’s projection. This represented a decrease of approximately 18.3% relative to the $313.95 billion recorded for the corresponding period in 2019. ‘Tax Revenue’,
October 29, 2020 According to the advance estimate released by the Bureau of Economic Analysis, the U.S Real gross domestic product (GDP) increased at an annual rate of 33.1% (7.4% at a quarterly rate) in the third quarter of 2020. This follows a decrease of 31.4% in the second quarter. Real GDP for the third
October 29, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 40,000 to 751,000 for the week ending October 24 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 787,000 to 791,000 up by 4,000. In comparison to the previous week’s average, the 4-week moving average was 787,750,
October 28, 2020 Unemployment rates trended upward for the month of September in 388 of the 389 metropolitan areas and lower in 1 area compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 73 areas had jobless rates of less than 5.0% and 31 areas had rates of at least
October 27, 2020 Consumer confidence dipped within the United States of America for October, according to the Conference Board Consumer Confidence Index. The performance reflected a marginal decline to 100.9 points (1985=100) in October, from 101.3 points in September. According to the Conference Board, "the Present Situation Index – based on consumers' assessment of current business and
