Economy
April 7, 2014
Written by Peter Wright
The Bureau of Labor Statistics (BLS) report on non-farm employment came close to expectations in March with a net gain of 192,000 jobs. In addition January and February were revised up by 15,000 and 22,000 respectively. The three month moving average, (3MMA) rose to 178,000 after declining for three straight months (Figure 1).
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To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).