March 22, 2018 U.S. Bureau of Labor Statistics reported on March 20,2018 that employer costs for employee compensation averaged $35.87 per hour worked in December 2017. Wages and salaries averaged $24.49 per hour while benefit costs averaged $11.38.The average compensation for state and local government is higher than that of private industry. Total employer compensation
March 21, 2018 Based on data collected by The Federal Reserve since the Federal Open Market Committee met in January indicates that the US economy has shown improvement with activity on the rise. Labor market continued to strengthen while economic activity has risen at a moderate rate. Unemployment rate stayed low in recent months. Data
March 19,2018 Please click below to view February 2018's Economic Review. Monthly Economic Review - February 2018 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the
March 19, 2018 Production in the construction sector decreased by 2.2% in the euro area (EA19) and by 2.1% in the EU28, in January 2018 compared with December 2017 according to Eurostat, the statistical office of the European Union. In December 2017, production in construction grew by 0.7% in the euro area and by 1.0%
March 16, 2018 The inflation for the month of February 2018 decreased 0.1% following a negligible movement in January 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month moved to 248.3 relative to the 248.6 reported for January 2018. This decline was largely attributed to the movement in
Brent Oil Brent oil prices increased by 1.93% or US$1.23, as prices rose this week. Oil traded on March 15, 2018 at a price of $65.12 per barrel relative to US$63.89 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.22% (JMD$0.27).
March 15, 2018 U.S. import prices rose 0.4% in February, following an increase of 0.8% in January, according to the Bureau of Labour Statistics. Export prices rose at and even slower pace, inching up 0.2 percent in February, following a 0.8-percent advance the previous month. Imports February’s 0.4% increase in the import price index
March 14, 2018 According to national accounts estimates published by Eurostat, the statistical office of the European Union, employment increased by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2017 compared with the previous quarter. However, this represent a 0.1% fall in employment grow rate from
March 12, 2018 The U.S. Bureau of Labor Statistics in its latest report on March 12, 2018, revealed that the national unemployment rate was unchanged from December at 4.1 percent but was 0.7 percentage points lower than in January 2017. “Unemployment rates were lower in January in 6 states and the District of Columbia and
March 9, 2018 Mario Draghi, President of the European Central Bank (ECB) reported on the progress of the Euro area economy at a press conference held March 8, 2018. ECB has decided to keep the key interest rates unchanged and has vowed to continue its asset purchasing program up to September 2018, or beyond, if
