United States: U.S. Jobless Claims in Millions Again, Higher Than Expected “The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic. Initial jobless claims in state programs totaled 2.98 million in the week ended May 9, Labor Department figures
May 13, 2020 Salada Foods Jamaica Limited (SALF), recorded a 14% increase in turnover for the six months to close at $562.78 million (2019: $494.50 million). Managers stated, “this is attributed to increase sales in both export and contract manufacturing business segments.” As for the second quarter, revenue amounted to $274.32 million (2019: $322.17 million),
May 13, 2020 Cargo Handlers Limited (CHL) revenues for the six months fell 12% year over year to $191.37 million versus $216.32 million booked in 2019. Revenue for the quarter contracted 6% to $104.26 million versus $111.45 million booked for the same quarter of 2019. CHL noted this, “was attributable to fewer than anticipated
United States: U.S. Core Consumer-Price Index Posts Record 0.4% Monthly Decline “A key measure of U.S. consumer prices declined in April by the most on record amid a demand shock as most of the nation shut down to contain the coronavirus pandemic. The core consumer-price index, which excludes volatile food and fuel costs, fell 0.4%
United States: U.S. Futures Drop With Europe Stocks; Dollar Gains: Markets Wrap “U.S. stock-index futures retreated alongside European shares on Monday as investors weighed the latest moves around the globe to relax restrictions for the coronavirus. The dollar strengthened and WTI crude oil jumped. Contracts on the S&P 500 Index gave up an earlier gain,
United States: U.S. Jobless Rate Triples to 14.7% in Sharpest Labor Downturn “In the harshest downturn for American workers in U.S. history, employers cut an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to 14.7%. Back in February, before the coronavirus pandemic brought the U.S. economy to a standstill, the
United States: Another 3.17 Million Filed for U.S. Jobless Benefits Last Week “The number of Americans filing for unemployment benefits topped 3 million for a seventh straight week, signaling little relief in sight for the economy since the coronavirus began closing restaurants, factories and offices from coast to coast in mid-March. Initial jobless claims totaled
United States: Trump Pivots to ‘Phase Two,’ Risking More Death to Save Economy “President Donald Trump fixed his course on reopening the nation for business, acknowledging that the move would cause more illness and death from the pandemic but insisting it’s a cost he’s willing to pay to get the economy back on track. Trump
United States: U.S. Trade Plummeted in March With Record Drop in Exports “U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel. The overall gap in goods and services trade widened to $44.4 billion from a
