Economy
July 9, 2018
Net Job Creation through June 2018
Written by Peter Wright
The U.S. economy created 213,000 net jobs in June, bringing total job creation to 2,374,000, an increase of 1.6 percent year over year, according to Steel Market Update’s latest analysis of Bureau of Labor Statistics (BLS) data.
Rising employment and wages are the basis of most U.S. gross domestic product growth as personal consumption accounts for almost 70 percent of GDP. Steel consumption is related to GDP; therefore, this is one of the indicators that helps us understand the reality of the steel market.
