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Partners for Strategic Transactions

Impressive Jobs Report Numbers Prevail Amid U.S. Aluminum and Steel Tariff Plan

3/14/2018

 
  • On Friday, March 9th, the U.S. Bureau of Labor Statistics published its monthly jobs report with numbers that surprised many economists. Total non-farm employment increased by 313,000, the largest monthly gain in over a year (it was only expected to increase by roughly 200,000). It was the 89th consecutive month of job gains. The main sectors of employment growth were: mining, manufacturing, construction, retail and trade, professional and business services, and financial services. For the fifth consecutive month, the unemployment rate stayed at 4.1%, the lowest rate since 2000.
  • Many businesses that are either directly or indirectly involved with the aluminum and steel industries could face higher costs, starting next month after the introduction of a tariff on the imported metals. The import tariffs, which currently exempt Mexico and Canada, on aluminum and steel would be 10% and 25%, respectively. Canada and Mexico were two of the top five exporters of steel to the United States in 2017. 
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​Skyline Advisors is a division of Ideation Ventures, Inc. Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116  (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline, MAS, and BHHS are separate entities. 
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