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Economy
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.
Featured
Operations
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.
Economy
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.
Top Headlines
Fed: Recovery Is Coming, but Economy 'Different'
Biden Open to Compromise on Infrastructure, but Not Inaction
US Trade Deficit Jumps 4.8%
IMF Upgrades Global Growth Forecast
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Industrial Media Unboxing Video
IEN Unboxed is a new show in which our editors unbox new tools on the market and discuss their features.
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Biden's 'Jobs Cabinet' to Sell Infrastructure Plan
But the president will get no cooperation from the GOP.
Home
US Employers Add 916,000 Jobs in March as Hiring Accelerates
The March increase was nearly double February’s gain of 468,000.
Economy
Weather Impacts Drive February Construction Spending Down 0.8%
The drop was led by lower spending on apartments, hotels, hospitals and educational facilities.
Home
US Manufacturing Sees Fastest Growth Since 1983
The PMI jumped nearly four points in March to its highest mark since December 1983.
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Biden Announces $2.3T Infrastructure Plan
The proposal would undo his predecessor’s signature legislative achievement: giant tax cuts for corporations.
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'Voltswagen' Name Change a Prank
VW is facing backlash from reporters who said the company's deliberate release of false information hurts accurate journalism.
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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.
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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.
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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.
Home
Durable Goods Orders Fall Sharply
Orders declined last month for the first time after nine consecutive monthly gains.
Economy
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."