August 14, 2020 The seasonally adjusted initial claims, advance estimate, fell to 963,000, a decrease of 228,000 for the week ending August 8 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,191,000 from 1,186,000 up by 5,000. In comparison to the previous week’s average, the 4-week moving average was 1,252,750,
Net International Reserves- July 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,758.36 million as at July 2020, reflecting a decrease of US$190.90 million relative to the US$2,949.26 million reported at the end of June 2020 (see figure 1). Changes in the NIR resulted from an decrease in Foreign Assets of US$164.93 million to total US$3,740.09
August 7, 2020 The seasonally adjusted initial claims, advance estimate, fell to 1,186,000, a decrease of 249,000 for the week ending August 1 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,435,000 from 1,434,000 up by 1,000. In comparison to the previous week’s average, the 4-week moving average was 1,337,750,
Government Operations Results for June 2020 For the period of April to June 2020, the GOJ reported Total Revenues & Grants of $122.65 billion, $7.90 billion more than the Government’s projection. Furthermore, year over year, this represents a decrease of approximately 25.4% relative to the $153.85 billion recorded for the corresponding period in 2019. ‘Tax
Americans applying for jobless claims rose for the second straight week, climbing 12,000 compared to data released for the week ended July 18, 2020. Initials claims for the week ended July 25 amounted to 1,434,000, while the 4-week moving average was 1,3668,500, a growth of 6,500 from the prior week. The report hints that economic
July 30, 2020 U.S. real gross domestic product (GDP) contracted 32.9% for the second quarter of 2020, subsequent to a 5% decline for the first three months of 2020 as the economy experienced a nose-dive in activity. Current-dollar GDP for the second quarter declined $2.15 trillion or 34.3% to 19.41 trillion, compared to a
July 29, 2020 monetary20200729a1 The Federal Reserve announced its decision to hold interest rates steady as economic activity, sharp declines and employment remain below their levels at the beginning of the year. Despite some uptick in recent months, the coronavirus outbreak has caused widespread human and economic hardship across the United States and around the
July 28, 2020 According to the latest report provided by the Eurostat, in the first quarter of 2020, household real consumption per capita fell by 3% in the euro area, while the previous quarter decreased by 0.4%. Additionally, Eurostat noted that, “this movement was due to the COVID19 containment measures implemented by Member States in
July 24, 2020 The U.S. direct investment abroad position or cumulative level of investment rose $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase was attributable to a $95.7 billion rise in the
United States: U.S. Economic Recovery Is Stalling and It May Get Even Worse “The official numbers have begun to confirm what many Americans feel in their bones: the economy is buckling once again. Despite assurances from the Trump administration that better times are at hand, the worsening pandemic is restraining or even snuffing out the
