Economy
December 17, 2018
Net Job Creation Through November 2018
Written by Peter Wright
The employment situation continues to be excellent with job opportunities higher than the total number of unemployed.
Rising employment and wages are the main contributor to GDP growth because 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. Net job creation in September as reported by the Bureau of Labor Statistics (BLS) on Friday was 155,000. September was revised up by 1,000 and October revised down by 13,000.
