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 Stationery and Office Supplies Limited (SOS) for the three months ended March 31, 2020 reported revenues of $336.90 million relative to $343.47 million booked in same period in 2019, reflecting a 2% decrease. The Company’s cost of sales totaled $171.69 million, down 2% relative to the $175.04 million reported in 2019. As
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
United States: U.S. Economy Is Opening Back Up, But the Covid-19 Fallout Will Linger “The U.S. economy is slowly coming back to life as restrictions on businesses loosen in all 50 states, but the economic fallout of the coronavirus pandemic is far from over. Buoyed by the reopening of businesses across the country, most figures
June 1, 2020 Lasco Distributors Limited (LASD) posted 8% growth in revenue to $19.50 billion, up from $18.13 billion in the corresponding period in 2019. For the quarter, revenue increased by 8% closing at $5.20 billion (2019: $4.80 billion). LASD highlighted, “ During the year, we launched our reduced sugar ICOOL beverage line in four
June 01, 2020 Carreras Limited, for the year ended March 31, 2020, reported operating revenue of $14.13 billion, 9% more than the $12.91 billion booked in 2019. Revenue for the quarter increased 26% to $3.84 billion (2019: $3.04 billion). Cost of operating revenue, for the year ended March 31, 2020, increased year over year by
United States: Protests Hammer U.S. Cities Still Recovering From Lockdown “The reopening of America was always going to be fraught, with competing fears of new virus outbreaks and economic meltdown. Now cities across the nation, from New York to Chicago to Los Angeles, are reeling from unrest that could worsen both.” https://www.bloomberg.com/news/articles/2020-05-31/protests-hammer-u-s-cities-struggling-to-recover-after-lockdown?srnd=premium Europe: European Manufacturing
United States: Trump’s Next China Move Looms While Economic Risks Re-Emerge “There’s no end to the downward spiral of U.S.-China relations with the vibe between the world’s two largest economies seeming to plumb new depths with each news cycle. President Donald Trump plans to announce new policies toward Beijing within hours, saying Thursday that “we
May 28, 2020 Real gross domestic product (GDP) declined at an annual rate of 5% for the first quarter of 2020 according to the second estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2019, real GDP had a 2.1% growth. The downward movement in real GDP for the
