The Bureau of Labor Statistics released its unemployment summary for the Metropolitan area today. The report highlighted unemployment rates were lower in August than a year earlier in 323 of the 388 metropolitan areas, higher in 55 areas, and unchanged in 10 areas. According to the Bureau, “Thirty-two areas had jobless rates of less than
The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between July 17th and August 04th 2017. July’s survey indicated the expected inflation rate for 2017 is 1.8% for the calendar year, lower than the previous survey outturn (see Figure 1). Notably, the expected rate of 1.8% for 2017
Monthly Economic Review - August 2017
Based on activity observed in July 2017 relative to June 2017, seasonally adjusted production in the construction sector expanded 0.2% and 0.3% in the EU28. According to Eurostat, the statistical office of the European Union, “In July 2017 compared with July 2016, production in construction increased by 3.4% in the euro area and by 3.6%
Brent Oil Brent oil prices increased by 2.05%, as prices increased this week. Oil traded on September 21, 2017 at a price of 56.29 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 0.94% . Additionally 90 Octane declined by 0.92% week over week. 87 Octane and 90 Octane opened the year
Government Operations Results for July 2017 For the period of April 2017 to July 2017, the GOJ reported Total Revenues & Grants of $166.21 billion, $5.9 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 8.1% relative to the $153.8 billion recorded for the corresponding period in 2016.
Brent Oil Brent oil prices increased by 1.77%, as prices increased this week. Oil traded on September 14, 2017 at a price of 55.16 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.48% . Additionally 90 Octane declined by 1.44% week over week. 87 Octane and 90 Octane opened the year
Jamaica’s Net International Reserves totaled US$3,671.68 million as at August 2017, reflecting an increase of US$935.33 million relative to the US$2,736.35 million reported as at the end of July 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$935.33 million to total US$4,247.21 million compared to the US$3,311.88 million
U.S. economic growth second estimate for the second quarter increased 3%, beating the advanced estimate of 2.6%. The growth came on the back end of increased consumer spending, non-residential fixed investment, exports, federal government spending, and private inventory investment that were partly offset by negative contributions from residential fixed investment and state and local government
Click below for download. Monthly Economic Review - July 2017
