Afternoon Coffee: Trade war weighs on U.S. growth; Ivalua’s contract with NYC examined by expert procurement analysts

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As the Trump administration and Mexico officials work toward avoiding new tariffs over immigration being imposed on the latter’s imported goods, the broader trade war waged by the president's administration is hitting jobs and payroll numbers.

Bloomberg reports that “U.S. employers added the fewest workers in three months and wage gains cooled,” as those trade policies perhaps have affected continued economic growth. “Nonfarm payrolls rose 75,000 in May after a downwardly revised 224,000 advance the prior month, according to a Labor Department report Friday,” according to the article.

The unemployment rate remained steady, near a record low, and average hourly earnings also grew from a year earlier, although at a slower rate than expected.

This week in commodities: oil price in bear market

In Spend Matters’ Commodities Roundup this Friday, MetalMiner editor Fouad Egbaria examines the copper market surplus, innovations in the solar sector using tin, and the oil price decline, among other news items.

Regarding the oil price, MetalMiner’s Stuart Burns attributes the drop to the Trump administration’s threat of new tariffs on Mexico (mentioned at the top of this article), as Egbaria notes in his piece.

“The threat was seen by investors as a negative move for both U.S. and wider region growth,” Burns wrote. “The move was also seen as evidence, as if any were needed, that the president will continue to use his weapon of choice, tariffs, as a means to achieve his political ends — with negative consequences for growth.”

Ivalua, Bonfire and government contracts: our analysts set the record straight

Spend Matters published an interesting take on how to critically examine a procurement software contract in the news recently.

Chief Research Officer Pierre Mitchell kicks off the article this way:

"Recent media reports have alleged that New York City has been overpaying for its implementation of procurement software suite provider Ivalua in NYC’s procurement transformation efforts. The reports have used a watchdog group’s analysis that has tried to compare the seemingly high price tag of the NYC implementation of Ivalua to a smaller implementation of the city of Dallas by a more niche software provider named Bonfire. Ivalua and Bonfire are two procurement software providers that Spend Matters covers within the broad procurement provider ecosystem.

The headlines appeared suspicious, and we decided to take a deeper look at the projects and the providers in question. Our analysis indicates that one report’s direct comparison of these costs is misleading and flawed."

Read the full piece right here.

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