United States: IMF Says Great Lockdown Recession Likely Worst Since Depression “The International Monetary Fund predicted the “Great Lockdown” recession would be the steepest in almost a century and warned the world economy’s contraction and recovery would be worse than anticipated if the coronavirus lingers or returns.In its first World Economic Outlook report since the
April 09, 2020 Final demand for the Producer Price Index decreased 0.2% in March 2020, seasonally adjusted according to U.S. Bureau of Labor Statistics. Final demand prices fell 0.6% in February and increased 0.5% in January. On an unadjusted basis, “the final demand index increased 0.7% for the 12 months ended in March,” BLS indicated.
United States: Third Week of Big U.S. Jobless Claims Sees 6.61 Million Filings “Americans applied for unemployment benefits in massive numbers for a third straight week, bringing the total to about 16.8 million during the coronavirus pandemic’s economic shutdown. A total of 6.61 million people filed jobless claims in the week ended April 4, according
April 08, 2020 Unemployment rates trended downward for the month of February in 277 of the 389 metropolitan states compared to twelve months earlier. According to Bureau Labor Statistics (BLS), unemployment rates were, “higher in 80 areas, and unchanged in 32 areas.” Jobless rates lower than 3% were recorded in 73 areas while 6 areas
April 06, 2020 Job openings recorded a slight change to 6.9 million at the end of February according to the Bureau of Labour Statistics. For February, hires and separations were little changed to 5.9 million and 5.6 million, respectively. Regarding the quits rate and layoffs and discharge rate, these were unchanged at 2.3% and 1.2 %
United States: IMF Mulls Fed-Like Program to Get Dollars to More Economies “The International Monetary Fund may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy. IMF Managing Director Kristalina Georgieva is preparing to offer short-term
April 06, 2020 Total nonfarm payroll employment decreased by 701,000 in March, as the rate of unemployment increased to 4.4%, according to a report by the U.S. Bureau of Labour Statistics (BLS). This increase reflects the effects of the coronavirus (COVID-19) and efforts to contain it. BLS mentioned that, “employment in leisure and hospitality fell
June 30, 2020 MPC Caribbean Clean Energy Limited (MPCCEL), for the year ended December 31, 2019, recorded total income of US$272,407 relative to nil reported for the prior year’s corresponding period. Revenue for the quarter amounted to US$66,549 compared to nil for the same quarter in 2018. Total expenses amounted to US$212,727 (2018: US$251,848). The company
United States: U.S. Payrolls Fall 701,000 in March Ahead of Surge in Layoffs “U.S. employment plummeted last month in the first decline since 2010, offering an initial look at the widespread devastation the coronavirus pandemic has already begun to wreak on the once-strong labor market. Payrolls fell 701,000 from the prior month -- compared with
April 02, 2020 The latest report published by Eurostat, the statistical office of the European Union stated “In February 2020, – the month before COVID-19 containment measures began to be widely introduced by Member States –, industrial producer prices decreased by 0.6% in both the euro area and the EU, compared with January 2020.” However,
