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January 2021 Insight Guide: Market Indicators

The Economy Chances of another stimulus package increased as Democrats sweep the week’s senate runoff in Georgia. An additional stimulus would accelerate the nation’s return to pre-pandemic gross domestic product and unemployment levels. For the first time in eight months, the U.S. economy saw job loss in December as the pandemic surges. The Labor Department […]

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December 2020 Insight Guide: Market Indicators

The Economy The U.S. economy is seen as more resilient than many people think. According to Rick Rieder, BlackRock’s CIO of global fixed income, there is potential for gains in parts of tech, consumer, cyclical areas such as industrials, as well as housing and some leisure sectors, with the expectation of a vaccine expected to […]

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ISO Certification: What is it?

It all started with a piece of candy. I walked out onto the floor to complete my first audit. I knew I didn’t want to be labeled as “that auditor,” I wanted to be helpful, and I wanted to provide value. So, with these thoughts on my mind I walked up to the packager on […]

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October 2020 Insight Guide: Market Indicators

The Economy The number of Americans filing new claims for unemployment fell last week, but still remained at recession levels. Personal income dropped in August, emphasizing the need for another relief package for businesses and the unemployed. The U.S. economy added 661,000 jobs in September, while the unemployment rate ticked down to 7.9%. While this […]

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September 2020 Insight: Market Indicators

The Economy The U.S. economy plunged at an annual rate of 31.7% during the second quarter under the weight of the coronavirus pandemic. This is the sharpest quarterly drop on record, the previous worst drop was a 10% loss in 1958. A hiring bounce-back in June suggested that the economy began to recover. However, economists […]

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August 2020 Insight Guide: Market Indicators

The Economy With the COVID-19 pandemic causing weeks of record job losses and an unemployment rate not seen since the Great Depression, has the U.S. economy seen the bottom? According to Forbes, the leading economic indicators they track signal yes; the shortest recession in history is over. However, three components are necessary for a durable […]

COVID-19 CDC

Our Sales Reps Discuss the Affects of the Pandemic On Business

With the COVID-19 pandemic still affecting the U.S., doing business has changed drastically. While the steel and manufacturing industries were deemed essential, we have had to learn to adapt to the different climate. Between Metalwest and Norfolk Iron & Metal we have several locations throughout the country. Each location has had a different experience with […]

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July 2020 Insight Guide: Market Indicators

The Economy As COVID-19 continues to spread in the U.S., Goldman Sachs revised its GDP expectation for the third quarter. The bank now sees GDP growing 25%, down from the original expectation of 33%. The bank also sees total economic contraction worsening to 4.6% from 4.2%. This is largely due to slower-than-expected recovery in consumer […]

COVID-19 CDC

How the Pandemic Affected the Steel Sector: Opinion

In March 2020, President Trump declared a national emergency under the Stafford Act. This freed up $50 billion in federal resources to combat the coronavirus outbreak. On March 26, Senate unanimously passed the $2 trillion stimulus plan. This gave cash and assistance to U.S. citizens, small businesses, airlines, manufacturers, and more. It also gave an […]

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June 2020 Insight Guide: Market Indicators

The Economy The U.S. economy added 2.5 million jobs in May, a surprising jump as businesses across the nation began to reopen from the COVID-19 shutdown. The unemployment rate fell to 13.3%; this is still high by historical standards, but much better than expected and still an improvement over April’s jobless rate of 14.7%. With […]