Economy
May 6, 2014
Written by Peter Wright
The Bureau of Labor Statistics (BLS) report on non-farm employment wildly exceeded expectations in April with a net gain of 288,000 jobs. The February and March total was revised upward by 36,000. The three month moving average (3MMA) rose from 150,000 in February, to 190,000 in March and to 238,000 in April (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).