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
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
