Economy
January 13, 2020
December Net Job Creation Down from November
Written by Peter Wright
The number of jobs created in December declined from the excellent November result on a seasonally adjusted basis.
Net job creation in December declined to 145,000 from November’s exceptional result of 256,000. October and November were both revised down by 10,000. Rising employment and wages are the main contributors 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 help us understand the reality of the steel market
