BLS: Another Strong Jobs Report in November

The U.S. employment situation in November was excellent, according to the Bureau of Labor Statistics’ (BLS) net job creation report released on Friday. While employment was down by 14,000 jobs from October, it was still the third best month of the year and in agreement with the other data streams tracked by Steel Market Update.

Net job creation in November totaled 228,000 positions. September was revised up by 20,000 and October down by 17,000. Wall Street Breakfast reported that this strong result will likely prompt the Fed to hike interest rates next week for the third time and will push central bank officials toward a more aggressive monetary policy in 2018.