Rig Count

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Feb 9th, 2018

I Stock 1205654604

American Timber Industry Crippled

It was a double whammy: a trade war and COVID-19.

Line workers put together ventilators at the Ford Rawsonville plant in Ypsilanti Township, Mich., May 13, 2020.

Industrial Production Largely Recovers from Spring Decline

Production rose 1.1% in October but still remains below pre-pandemic levels.

Mexican President Andrés Manuel López Obrador gives his daily news conference at the presidential palace in Mexico City, Oct. 16, 2020.

Mexican President Presents Bill to Ban Outsourcing of Jobs

The measure would prohibit subcontracting or outsourcing by private companies except with government authorization.

Federal Reserve Board Chairman Jerome Powell during a Senate Banking Committee hearing on Capitol Hill, Sept. 24, 2020.

Central Bankers Say Economy Needs Help Despite Vaccine News

The chairman of the Federal Reserve said Congress "may need to do more."

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Fastener Distributor Index Grows on Gains in Sales, Employment, Deliveries

The FDI's metric for measuring six-month market outlook surged to its highest mark since January 2018.

I Stock 1006017064 (2)

US Metalworking Orders Jump Month-to-Month; Still Well Below 2019

Metal cutting, forming and fabricating orders had a large jump from August but is still pacing weak year-over-year.

President-elect Joe Biden arrives for mass at St. Joseph on the Brandywine Catholic Church, Wilmington, Del., Nov. 8, 2020.

For Biden, How to Help Mangled Economy Is Next Obstacle

He is expected to aid workers, businesses and local governments — likely without enough partners in Congress.

Storefront window in the Newbury Street shopping district, Boston, Sept. 15, 2020.

Hiring Holds, but Signs of Caution as Virus Worsens

The nation still has 10.1 million fewer jobs than it did before the viral outbreak intensified in March.

Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill, Sept. 24, 2020.

Fed Signals Readiness to Do More for Economy as Virus Rages

The central bank again pledged to use its "full range of tools."

Two women wait in line at a bakery in Antwerp, Belgium, Nov. 4, 2020.

EU Cuts 2021 Outlook as Virus Spreads

The bloc's executive commission said the economy wouldn’t reach pre-virus levels until 2023.

Distributor Pandemic Index Falls to Slightly Negative

It followed a recent new high for the index, even though seven of the 13 distributors surveyed reported a sales increase.

Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Sept. 24, 2020, on Capitol Hill.

Fed Confronts a Shaky US Economy that Likely Needs More Help

The economy and the job market have weakened again after initially strong bounce-backs from the pandemic-fueled recession.