U.S. Economy The U.S. added 224,000 jobs in June, an indication of the economy’s durability after more than a decade of expansion. This is after a weak job growth of just 72,000 in May. The unemployment rate ticked up to 3.7%, up from 3.6% the previous month. Billings at architectural firms were essentially flat in […]
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LEAN Manufacturing LEAN manufacturing has many definitions. Here at Metalwest, we define LEAN as, “The systematic method to identify and eliminate waste by flowing the product at the pull of the customer.” Let’s look at these underlined elements: Systematic Method Everything in LEAN is a system – a system that can be analyzed, […]
The Federal Reserve hinted they would cut interest rates if the U.S. trade war threatens the decade-long expansion at a summit this week. The U.S. economy will mark 10 years of expansion in July, the longest on record. However, rising trade tensions between the U.S. and China have put a chill on U.S. businesses’ spending […]
The U.S. economy picked up steam in the first quarter of 2019, according to the Commerce Department. Gross domestic product grew at an annual rate of 3.2% in the first three months of the year, up from 2.2% the end of 2018. U.S. employers added 263,000 jobs in April while the unemployment rate dropped to […]
The U.S. job market bounced back in March after a lackluster performance in February. There were 196,000 jobs added in March, this is the 102nd straight month of job gains. The unemployment rate was at 3.8% for March, unchanged from the previous month. February’s Architecture Billings Index score was 50.3, down from 55.3 in January. […]
The U.S. economy matched its best performance since the Great Recession of 2007-2009 last year. The nation’s GDP increased at a rate of 2.6% in the October-December period. That followed an average of 3.7% the prior two quarters. For the year, the economy grew 2.9%. This is the highest performance since 2015. U.S. job growth […]
Economic News President Trump delivered his State of the Union address Tuesday night. And while reviews were mixed, the facts on the U.S. economy speak for themselves. According to CBS News, some key measures of the economy’s performance for 2018, include: The economy grew at its fastest rate in 13 years Job creation has been […]
Economic News President Trump threatened to keep the federal government partly closed for “months or even years” if he does not get the funding for his wall at the U.S.-Mexico border, warning he may declare a national emergency to build it without congressional approval. The partial shutdown also halted reviews of Section 232 exclusion requests, […]
BIRMINGHAM, AL and NORFOLK, NE – January 2, 2019 Norfolk Iron & Metal Co. (Norfolk Iron), a full-line steel service center, and O’Neal Industries Inc. (ONI), the largest family owned group of metals service centers in the United States, today jointly announced that Norfolk Iron has acquired O’Neal Flat Rolled Metals, LLC (OFR Metals), a […]
BIRMINGHAM, AL and NORFOLK, NE, November 15, 2018 — Norfolk Iron & Metal Co. (Norfolk Iron), a full-line steel service center, and O’Neal Industries Inc. (ONI), the largest family owned group of metals service centers in the United States, today jointly announced that they have entered into a definitive agreement in which Norfolk Iron will […]