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 […]
Economic Indicators The U.S. economy added 250,000 jobs in October while the unemployment rate was unchanged at a near 50-year low of 3.7%. Wages and salaries jumped by 3.1%, the highest level in 10 years. September’s Architecture Billings Index score was 51.1. The pace of growth slowed a bit from August. However, any score above […]
Economic Indicators The U.S. economy added 134,000 jobs in September, extending the record run of hiring to eight full years. The unemployment rate fell to 3.7%, the lowest since 1969. The Federal Reserve raised interest rates and cemented expectations for another hike this year as they reaffirmed that a strong U.S. economy will probably warrant […]
The U.S. economy added 201,000 jobs in August. This is slightly above analysts’ expectations. Meanwhile, the unemployment rate remained at 3.9%. Real U.S. gross domestic product grew at an annualized rate of 4.2% last quarter, the Bureau of Economic Analysis reported August 29. That is up from 4.1% in its first estimate. Economists expect growth […]
The U.S. economy added 157,000 jobs in July while the unemployment rate fell to 3.9%, close to its 18-year low. Meanwhile, consumer confidence rose above expectations in July. The Confidence Board’s index increased to 127.4 in July. The Architectural Billings Index score for June was 51.3 compared to 52.8 in May. Any score above 50 […]
The U.S. economy added 213,000 jobs in June despite the mounting trade tensions with China. The unemployment rate rose to 4.0%, from 3.8% the previous month. Consumer sentiment in the U.S. rose slightly in June. The index increased to 98.2, below an expected 99.2 by economists surveyed by Thomson Reuters. The primary concerns for consumers […]
Metalwest is one of the nation’s leading metals service centers, focused on processing and distributing non-ferrous and carbon flat-rolled products.
