Economy
October 10, 2022
Written by David Schollaert
The US labor market added 263,000 jobs in September, down for the second consecutive month but still better than expected. The result signals that the Federal Reserve will likely have to do more to slow it down.
September was the slowest monthly gain in nearly a year and a half, according to the Bureau of Labor Statistics.
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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).