Economy
October 11, 2016
Written by Peter Wright
In September net job creation was 156,000 July was revised down by 23,000 and August revised up by 16,000. Using a 3MMA, the result for September was 192,000 down from 230,000 in August. Figure 1 shows the 3MMA of the number of jobs created as the brown bars since 1990.
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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).