October 2017 ONI Insight: Market Indicators

The U.S. lost 33,000 jobs in September likely due to the hurricanes; it was the first monthly decline in jobs in seven years. The unemployment rate dropped to 4.2%, the lowest since 2001. The Labor Department and economists expect the decline to be short-lived as employers closed by the storms are able to reopen. Orders […]

September 2017 ONI Insight: Market Indicators

The U.S. labor market slowed in August, generating 156,000 new position during what ended up being the third-worst month for job growth so far this year. Downward revisions to job gains in June and July knocked off 41,000 previously reported jobs from U.S. payrolls. Average job growth over the course of the past three months […]

August 2017 ONI Insight: Market Indicators

The U.S. added 209,000 jobs in July, somewhat above economists’ expectations. The unemployment rate was at 4.3% compared to 4.4% in June. The Federal Reserve kept interest rates unchanged on July 25 and said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the U.S. […]

July 2017 ONI Insight: Market Indicators

The U.S. labor market roared back in June, adding 222,000 jobs, and revisions that added 47,000 more jobs to April and May than previously reported. U.S. manufacturing picked up in June at the fastest pace in nearly three years. According to data from the Institute for Supply Management, the factory index rose to 57.8, highest […]

Section 232: What to Know

Section 232 is part of the Trade Expansion Act of 1962. It gives the president the ability to penalize imports if he decides they pose a threat to national security. 232 Recommendations are Nearing Delivery to the President The Trump administration said it plans to take “major action” once it receives the U.S. Commerce Department’s […]

June 2017 ONI Insight: Market Indicators

The U.S. economy grew by 138,000 jobs in May. This paves the way for the Federal Reserve to raise interest rates in coming days. The unemployment rate fell to 4.3%; the lowest is has been since 2001. The Consumer Confidence Index fell more than expected in May, registering at 117.9, down from April’s reading of […]

Trailer Observation Cameras: Employee Safety Series

At OFR Metals, safety is one of our top priorities. We are constantly making improvements to our everyday tasks to make sure our employees return home safely to their families each and every day. One of the improvements we are currently working on is equipping our trucks with trailer observation cameras to help increase driver visibility. Trailer Observation Cameras […]

May 2017 ONI Insight: Market Indicators

Consumer confidence in the U.S. dipped slightly in April to 120.3 from a 16-year-high of 124.9 in March, however, Americans are still more confident than they were before the 2016 election. Initial indications for the spring do suggest a stronger second quarter. According to the Commerce Department, the GDP report shows the U.S. economy is […]

April 2017 ONI Insight: Market Indicators

U.S. job growth lost steam in March, adding only 98,000 jobs. Economists had been anticipating a gain of about 180,000. The unemployment rate was at 4.5% (down from 4.7% in February), the lowest level in almost a decade. The U.S. trade deficit narrowed in February to a four-month low as imports declined and exports improved […]

March 2017 ONI Insight: Market Indicators

Employers added 235,000 jobs in February, a hefty gain that cleared the path for the Federal Reserve to raise its benchmark interest rate mid-March. U.S. consumer confidence unexpectedly increased in February to the highest level since July 2001 as Americans grew more upbeat about present and future conditions. The Confidence Index increased to 114.8 from […]