United States: U.S. Jobless Claims Declined Last Week While Remaining Elevated “The number of Americans seeking unemployment benefits fell for a second week while remaining elevated, as the labor market makes scant progress amid risks of further weakness without additional federal stimulus. Initial jobless claims in regular state programs decreased by 9,000 to 840,000 in
United States: U.S. Economy Risks ‘Tragic Scenario’ on Trump’s Stimulus Pullout “The collapse of pre-election U.S. stimulus talks threatens to inflict another wave of economic pain on Americans and curtail a recovery that’s already slowed. President Donald Trump’s decision Tuesday to walk away from talks with Democrats amid differences over the size of stimulus -- even though
October 06, 2020 The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $67.1 billion in August, up $3.7 billion from $63.4 billion in July, revised.” August exports was $171.9 billion, which was more than July exports by $3.6 billion, whereas, August imports amounted to $239.0 billion which was $7.4 billion more than July imports.
October 6, 2020 According to new central bank data unserviced bank and mortgage loans, also called non-performing loans (NPLs), grew by one-third to $27.9 billion over the span of a year ending June. It’s the highest percentage rise in eight years and, as a dollar value, grew by $7.5 billion from $20.4 billion a year
United States: U.S. Trade Deficit Widened in August to Largest Since 2006 “The U.S. trade deficit widened in August to the largest since 2006 on a further increase in imports as companies responded to stronger domestic demand amid lean inventories. The nation’s surplus in services shrank to the lowest since 2012. The overall gap in
October 5, 2020 Total nonfarm payroll employment climbed 661,000 in September, as the unemployment rate fell to 7.9%, 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
October 5, 2020 According to Eurostat's recent report, the EU second quarter of 2020, seasonally adjusted current account balance recorded a €82.9 billion surplus, which is 2.7% of GDP. This represents an increase of €30 billion, from the first quarter surplus of €52.9 billion, which was 1.5% of the GDP. Also, €10.2 billion greater than
United States: Americans Are Driving Less Than Before Pandemic, and It’s Permanent “The early days of the Covid pandemic brought an unprecedented decline in driving in the U.S., with vehicle miles traveled down 41% from February to April on a seasonally adjusted basis. By July, the most recent month for which the Federal Highway Administration
October 2, 2020 Government Operations Results for August 2020 For the period of April to August 2020, the GOJ reported Total Revenues & Grants of $200.06 billion, $5.81 billion more than the Government’s projection. This represented a decrease of approximately 20.2% relative to the $250.63 billion recorded for the corresponding period in 2019. ‘Tax Revenue’
October 2, 2020 Palace Amusement Company (1921) Limited (PAL) has provided the following COVID-19 Update Advisory: “Given the impact of the Covid 19 pandemic and the continued restrictions placed on operations in the entertainment industry, the directors and management of The Palace Amusement Company (1921) Limited (wish to advise as follows: “Despite the best efforts
