Economic Highlights
March 23, 2018 Unemployment rates were lower in February for 7 states and stable in the remaining 43 states and the District of Columbia, based on data released by the U.S. Bureau of Labor Statistics. Fifteen states had jobless rate decreases from a year earlier, while 35 states along with the District had little or
March 23, 2018 United States: Stocks Drop Most in Six Weeks on Trade War Tension: Markets Wrap U.S. stocks tumbled, pushing benchmark gauges back toward the lows set during the worst of the February rout, as President Donald Trump’s decision to slap tariffs on Chinese goods heightened concern that a trade war could throttle global
Brent Oil Brent oil prices increased by 6.02% or US$3.92, as prices rose this week. Oil traded on March 22, 2018 at a price of $69.04 per barrel relative to US$65.12 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increase week over week, by 2.40% (JMD$2.89). Additionally
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 22, 2018 United States: Trump Plans to Impose $50 Billion in China Tariffs, Source Says President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations on Thursday, according a person familiar with the matter. The president is considering targeting more than 100 different types of Chinese goods,
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 21, 2018. United States: Yellen Says Gradual Fed Rate Hikes Are Needed to Prevent Overheating Former Federal Reserve Chair Janet Yellen said higher interest rates will be needed to keep the U.S. economy from overheating, though the pace must be calibrated to allow inflation to rise to the central bank’s 2 percent goal. “I
March 20, 2018 United States: U.S. Plans Heavy China Tariff Hit as Soon as This Week The Trump administration plans to impose tariffs worth as much as $60 billion on Chinese products as early as this week to punish Beijing for what the U.S. perceives as intellectual property theft from American businesses, according to two
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%
