Economic News The U.S. economy grew 2.3% in 2019, a slow down from the previous year when the economy grew 2.9%. Consumer spending is expected to remain the top driver of economic growth. January added 225,000 jobs. This is well beyond what economists predicted and is most likely due to an unseasonably warm January. Meanwhile, […]
The 5S System is a technique used in Lean Manufacturing to achieve a safe, neat, clean arrangement of the workplace. Everything has a place and is in its place. Where problems in the workplace become obvious and visual. What exactly are the 5S’s in the 5S System and what do they mean? Let’s find out! […]
The Economy The U.S. economy has expanded for a record of 126 straight months as of December2019. Meaning, the U.S. has avoided a recession for an entire decade for the first time ever. Economists say this is due to the U.S. coming from such a low point at the end of the last decade. Much […]
The Economy U.S. trade deficit dropped almost 8% in October to a 16-month low. This is largely due to lower imports from China tied to the ongoing trade dispute. The deficit slide to $47.2 billion from a revised $51.1 billion the prior month. If this persists through this month, the smaller gap could boost gross […]
With the acquisition of Metalwest by Norfolk Iron & Metal (Norfolk Iron) approaching the 1-year mark, we thought it would be a great opportunity to talk with the members of the Metalwest leadership team to see how they feel about the acquisition and what it means for the two companies. “Going through an acquisition can […]
The Economy U.S. productivity fell for the first time since 2015 in the third quarter. This reflects a cutback in production as the U.S. economy slowed. Productivity declined at a 0.3% annual rate while economists predicted a 0.6% increase. The U.S. economy added 128,000 jobs in October while the jobless rate edged up to 3.6%. […]
Economy Manufacturing activity in the U.S. contracted for the second month in a row in September, falling to its lowest level in 10 years. The Institute of Supply Management’s manufacturing index dropped to 47.8 last month. U.S. job growth increased in September, with the unemployment rate dropping to 3.5%; payrolls increased by 136,000 jobs. Indicators […]
In March 2018, President Trump placed the 25% tariffs on imported steel and 10% tariffs on aluminum to help what he called the “dead” U.S. steel industry. Trump used his authority under Section 232 of the Trade Expansion Act, which required the Commerce Department to determine that the imports threatened national security. Initially, Trump […]
The U.S. economy grew at a modest pace in the past few weeks, with manufacturing rocked by a global slowdown according to the Federal Reserve. The ongoing trade war between the U.S. and China appears to be weighing on business according to the U.S. central bank’s latest Beige Book compendium. However, many businesses also remain […]
Safety Habits Outside of the Workplace Embed from Getty Images Have you ever watched someone walk out of the supermarket, and without even looking for vehicles, step right into the parking lot and begin walking towards their car? I think we’ve all witnessed this a time or two. Maybe there are a few of us […]
Metalwest is one of the nation’s leading metals service centers, focused on processing and distributing non-ferrous and carbon flat-rolled products.
