October 2, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 36,000 to 837,000for the week ending September 26 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 870,000 to 873,000 up by 3,000. In comparison to the previous week’s average, the 4-week moving average was 867,250,
United States: U.S. Jobs Rise Less Than Forecast as Economic Rebound Downshifts “U.S. job gains slowed in September by more than half from the prior month, missing forecasts and suggesting the economic recovery is downshifting as many Americans and businesses struggle without a Covid-19 vaccine or fresh government aid. Nonfarm payrolls increased by 661,000 following
October 01, 2020 Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum. Jamaica continues to grapple with the challenge of the COVID-19 pandemic and the adverse impact on economic activity. Bank of
October 1, 2020 According the Statistical Institute of Jamaica (STATIN), the Jamaican economy declined by 18.4% in the second quarter of 2020 when compared to the similar quarter of 2019. This downward movement resulted from declines in both the Services Industries (20.3%) and the Goods Producing Industries (12.7%). The performance of the economy was largely
United Sates: U.S. Jobless Claims Drop While Remaining Above Pre-Virus Level “Fewer Americans than expected sought unemployment benefits last week, as the slow labor-market recovery grinds on while businesses contend with an increase in coronavirus cases. Initial jobless claims in regular state programs decreased by 36,000 to 837,000 in the week ended Sept. 26, Labor
September 30, 2020 Unemployment rates trended upward for the month of August in 387 of the 389 metropolitan areas and lower in 2 states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 37 areas had jobless rates of less than 5.0 percent and 6 areas had rates of at
September 30, 2020 The way is now clear for Derrimon Trading Limited to approach the equities market with another public offering (APO) of shares to raise what is believed to be as much as $4.8 billion. This following last Friday's (September 25) approval by shareholders of four resolutions at the company's annual general meeting (AGM)
United States: U.S. Firms Added 749,000 Jobs in September, ADP Report Show “U.S. companies added 749,000 jobs in September, a private report showed, indicating the labor market’s gradual rebound is continuing as demand rises from the depths of the coronavirus pandemic. Businesses’ payrolls increased after an upwardly revised 481,000 rise in August, according to ADP
September 29, 2020 James Rawle, Managing Director of LASCO Manufacturing Limited, commented on the financial performance of the Company. Lasco Manufacturing, for the year ended March 31, 2020, total revenue increased by 4% from $7.57 billion in 2019 to $7.89 billion in 2020.Net profit for the year was $983.68 million, 9% lower than last year’s net
September 29, 2020 At the Extraordinary General Meeting, Sygnus Credit Investments outlined its purpose for the Additional Public Offering. Management further stated that the objective for release is this year. Firstly, Management commented on the financial performance for the FY2020, total investment income increased 39.8% to US$4.5 million (2019: $3.21 million) but translated in a
