Wall Street is eagerly waiting for the latest US jobs report for November. Bloomberg Economics expects a lackluster nonfarm-payroll print for November — well short of a post-hurricane rebound, if one attributes most of the October weakness to weather. The consensus is for a gain of 215,000 jobs.
The Federal Reserve is watching the jobs data closely. Any sign that hiring is sharply weakening could encourage Fed officials to cut their key interest rate more quickly, to try to bolster borrowing and spending and support the economy.
We’ll have live coverage of the report when it drops at 8:30 am on Friday, then full analysis and market reaction on "Bloomberg Surveillance."