Economy

I Stock 601027182 5f0c6a7634841
February Metalworking Machinery Orders Surge 34% From a Year Earlier
AMT said there was a surprising uptick in February orders from the oil and gas industry despite the weather-related turmoil.
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ID's 2021 Survey of Operations is Now Open
As one of ID's most anticipated annual features, our Survey of Distributor Operations is now live. Completing it gives you a chance to win one of six $10 gift cards.
Apr 9th, 2021
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Fastener Distributor Index Holds Steady as Outlook Sets Another Record
Despite considerable supply chain and pricing challenges, distributors' six-month business outlook improved even further.
Apr 8th, 2021
Top Headlines
In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Powell on Thursday, April 8, 2021 said the U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, though he cautioned not all will immediately benefit.
Fed: Recovery Is Coming, but Economy 'Different'
Apr 8th, 2021
President Joe Biden during an event in the South Court Auditorium on the White House campus, April 7, 2021.
Biden Open to Compromise on Infrastructure, but Not Inaction
Apr 8th, 2021
The CMA CGM Argentina arrives at PortMiami, the largest container ship to call at a Florida port, Tuesday, April 6, 2021, in Miami.
US Trade Deficit Jumps 4.8%
Apr 7th, 2021
Imf Ap21089552009526
IMF Upgrades Global Growth Forecast
Apr 6th, 2021
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Mar 19th, 2021
President Biden during a Cabinet meeting in the East Room of the White House, April 1, 2021.
Biden's 'Jobs Cabinet' to Sell Infrastructure Plan
But the president will get no cooperation from the GOP.
Apr 2nd, 2021
A roadside banner beckons potential employees outside Channel Control Merchants LLC, an extreme value retailer and exporter of brand sensitive secondary market inventories, in Hattiesburg, Miss., March 27, 2021. With hopes growing for a strong snapback in hiring this year, Friday, April 2 monthly jobs report will provide crucial insight into whether those sunny expectations will come true. The most optimistic economists are predicting the report could show a cool 1 million jobs were added in March.
US Employers Add 916,000 Jobs in March as Hiring Accelerates
The March increase was nearly double February’s gain of 468,000.
Apr 2nd, 2021
A workman carries beam at a new housing site in Madison County, Miss. on March 16.
Weather Impacts Drive February Construction Spending Down 0.8%
The drop was led by lower spending on apartments, hotels, hospitals and educational facilities.
Apr 1st, 2021
In this Oct. 1, 2020 photo, traffic passes the Boeing airplane production plant, in Everett, Wash.
US Manufacturing Sees Fastest Growth Since 1983
The PMI jumped nearly four points in March to its highest mark since December 1983.
Apr 1st, 2021
President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Pittsburgh, March 31, 2021.
Biden Announces $2.3T Infrastructure Plan
The proposal would undo his predecessor’s signature legislative achievement: giant tax cuts for corporations.
Mar 31st, 2021
In this file photo dated Thursday, April 23, 2020, company logo flags wave in front of a Volkswagen factory building in Zwickau, Germany. Volkswagen will present its final financial statements for the 2020 financial year, on Tuesday March 16, 2021.
'Voltswagen' Name Change a Prank
VW is facing backlash from reporters who said the company's deliberate release of false information hurts accurate journalism.
Mar 31st, 2021
President Joe Biden speaks during an event on COVID-19 vaccinations, in the South Court Auditorium on the White House campus, Monday, March 29, 2021, in Washington.
Biden Wants Infrastructure Package Approved Over Summer
The final price tag is in flux, but is projected to be between $3 trillion and $4 trillion.
Mar 30th, 2021
After a year of ghostly airports, empty sports stadiums and constant Zoom meetings, growing evidence suggests that the economy is strengthening.
Jobless Claims Fall to Fewest Since Pandemic Began
It's the first time that weekly applications for jobless aid has fallen below 700,000 since mid-March of last year.
Mar 25th, 2021
In this Feb. 2, 2020 photo, pump jacks operate in an oilfield as the sun begins to set on the horizon in Midland, Texas.
After Forgetful 2020, Energy Poised for Big Rebound
Analysts expect the energy sector to make overall stock gains of up to 45 percent this year, which would make it the biggest gain by far.
Mar 25th, 2021
This Oct. 29, 2020 file photo, a passer-by walks past stoves on display at a Home Depot location, in Boston. Orders to U.S. factories for big-ticket goods shot up 3.4% in January 2021, pulled up by surge in orders for civilian aircraft. A category that tracks business investment posted a more modest gain, the Commerce Department reported Thursday, Feb. 24.
Durable Goods Orders Fall Sharply
Orders declined last month for the first time after nine consecutive monthly gains.
Mar 24th, 2021
I Stock 1283535451 (1)
Cutting Tool Orders Not Yet Reflective of Business Recovery
“The outlook is looking brighter for cutting tools, but the road to a full recovery remains long."
Mar 23rd, 2021