Tag: economy

BUSINESS

S&P 500 Suffers Meltdown

Although U.S. stock prices ended higher on Friday, losses continue as investors wrestle whether or not the Feds can arrest inflation without creating great vagaries in the economy. According to Market Watch, the Dow Jones Industrial Average fell for a seventh straight week, its longest losing streak since July 2001, based on Dow Jones Market Data. The Dow Jones Industrial […]

BUSINESS

U.S. Economy Gets Bitten

The U.S. economy contracted in the first three months of the year partly due to a resurgence in coronavirus cases disrupting businesses. Figures from the Commerce Department showed that gross domestic product fell at an annualized rate of 1.4%. Slower economic growth was expected in the first quarter of the year, but the figure was worse than forecast. It is […]

BUSINESS

U.S. Unemployment Rate Drops To 3.6%

The U.S. sees unemployment drop to a new historical level of 3.6 percent in March with the addition of 431,000 jobs. This new gain speaks to the strength of the country’s economy as it comes amid the COVID-19 plague, Russia’s war against Ukraine, and the highest inflation in 40 years. It is the lowest rate since the pandemic erupted two […]

NEWS

Top News Headlines Around The World

Jamaican Economy Already Feeling Effects Of Russia-Ukraine War, Says Clarke Finance and Public Service Minister, Dr. Nigel Clarke says the Jamaican economy is already feeling the effects of the Russia-Ukraine war. He says the Government is “closely monitoring the developments and the reaction of the market”. Read more at — Jamaica observer.com Israeli Troops Demolish Palestinian Homes In West Bank Israel […]

EDITORIAL

Ukraine — A Lamb To The Slaughter?

The people of Ukraine have found themselves in a bind, and their cries remind one of a sheep being led to the slaughter. The fact of the matter, any war between Ukraine and Russia was always going to be a mismatch. This misadventure is one that even the blind, deaf, and dumb would have known the outcome of beforehand. However, […]

Jamaica

Jamaica’s Economy Grew By 6%

Jamaica’s economy grew by an estimated six percent for the October to December 2021 quarter, relative to the corresponding period the previous year. This was driven by increases of 7.8 and 0.4 percent, respectively, in the Services and Goods Producing Industries, the Planning Institute of Jamaica (PIOJ) reports. The out-turn also represents the third consecutive period of growth recorded, dating […]

BUSINESS

Haiti’s Economy In A Spot Of Bother

The Bank of the Republic of Haiti is lamenting the economic conditions in the country. It notes that business activities are at an all-time low due to the breakdown of security conditions and the continued lack of fuel. In its review of the first quarter of the 2021-22 fiscal year, the central bank said this situation affected the production of […]

BUSINESS

U.S. Inflation Rate Gallops To 7.5% In January

Householders in the U.S. see prices of goods and services race upwards to more than anticipated last month, pushing annual inflation up to 7.5 percent – the highest rate since 1982. Excluding the cost of food and energy, which tend to be more volatile, prices increased by six percent between January 2021 and January 2022.  Food prices rose seven percent […]

Jamaica

Jamaica — STATIN Reports Third Quarter Growth For Economy

The Statistical Institute of Jamaica (STATIN) is reporting third-quarter calendar year growth of 5.8 percent for July to September, compared to the corresponding period in 2020. In a statement on Friday (December 31), STATIN said the outturn was attributable to growth in the services and goods-producing industries, up 7.1 and 2.4 percent respectively. The Institute noted that growth in the […]

BUSINESS

U.S. Unemployment Rate Declined To 4.2 Percent

U.S. employers hired only 210,000 more workers in November, missing economists’ predictions for stronger growth. Forecasters had been expecting U.S. non-farm payrolls to increase by 550,000. The U.S. Bureau of Labor Statistics said there had been a decline in employment in the retail sector. But on the upside, it said there had been a rise in hiring across areas such […]