June 8, 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,904.49 million as at May 2020, reflecting an decrease of US$228.16 million relative to the US$3,132.65 million reported as at the end of April 2020 (see figure 1). Changes in the NIR resulted was from an increase in Foreign Liabilities to total US$967.22 million compared to
June 11, 2020 Brent Oil Brent oil prices decreased by 2.98 % or US$1.19, as prices fell this week relative to the prior week. Oil traded on June 11, 2020 at a price of US$38.80 per barrel relative to US$39.99 on June 4, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices
June 10, 2020 The Federal Reserve reiterated its commitment to using its full range of tools to support the U.S. economy in this challenging time, thereby pursuing its maximum employment and price stability goals. The advent of coronavirus outbreak caused tremendous human and economic hardship across the United States and around the World. The outbreak has resulted
June 09, 2020 Bank of Jamaica is aware of electronic retail payment services being offered to the public by unauthorized providers. Electronic retail payment services are those relating to the use of an electronic retail payment instrument, such as a prepaid card or mobile wallet. The public is hereby advised that Bank of Jamaica to
June 09, 2020 During the first quarter of 2020, GDP, seasonally adjusted, declined by 3.6% in the euro area and by 3.2% in the EU, according to the statistical office of the European Union (Eurostat). Notably, In March 2020, COVID-19 containment measures began to be widely introduced by Member States. In addition, in the fourth quarter of 2019,
In April 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on retail trade, as the seasonally adjusted volume of retail trade declined by 11.7% in the euro area and by 11.1% in the EU, compared with March 2020, according to Eurostat, the statistical office of the European Union. However,
June 5, 2020 Total nonfarm payroll employment increased by 2.5 million in May, as the rate of unemployment decreased to 13.3%, according to a report by the U.S. Bureau of Labour Statistics (BLS). This improvement was attributable to a limited resumption of economic activity that had been curtailed in March and April due to the
June 4, 2020 Brent Oil Brent oil prices increased by 11.62 % or US$4.10, as prices rose this week relative to the prior week. Oil traded on June 04, 2020 at a price of US$39.39 per barrel relative to US$35.29 on May 28, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices
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
