Economy
September 11, 2020
Written by Peter Wright
Through October, manufacturing has added 742,000 jobs and construction 789,000 since the pandemic-driven crash in April.
The baseline against which future comparisons are made in this analysis is February 2020, the all-time high for nonfarm employment. Figure 1 shows the total number of people employed in the nonfarm economy.
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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).