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U.S. Day Ahead: 122,000 jobs expected for Nov.: Reuters poll

Thursday, December 01, 2011 - 01:55

Dec. 1 - Reuters Correspondent Jason Lange says the better-than-expected ADP number is fueling optimism for Friday's non-farm payrolls data.

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Here's your US day ahead investors will be checking the strength of the recovery when the jobs report comes out at 8:30 AM. Nonfarm payrolls are set to grow by 122000. November according to a Reuters poll. But that won't be enough to -- -- significant dent in the unemployment rate hovering at a stubborn 9% to. Still Reuters correspondent Jason -- says there's a glimmer of hope on the horizon. Well we could be in for a pleasant surprise given the strong ADP report. And even if the reading comes in line with expectations is so positive in points to strength in the labor market and bodes well for growth in the current coming quarters. That said we can't lose sight of what's going on in Europe if these sovereign debt crisis really blows up over there than all. It's -- and we get our inside into the that went to keep voters on the central bank's board takes the podium at not AM Dallas fed president Richard Fisher gives his take on America's fiscal challenges. Just use one of the bank's most outspoken inflation hawks he's followed by Philadelphia fed president Charles Plosser at 10 AM. -- we'll talk about debt and budgets on the brain. We'll hear more on how Europe is solving its debt crisis when the ECB's you're in -- speaks in new York at 1230. The outgoing executive board member will discuss the current economic environments and problems ahead. He recently gave a grim forecast for Europe's growth prospects saying growth forecast for 2012. Could be revised down. Discount retailer big lots is set to report third quarter results before the bell expect earnings of nine cents a share down from 23 cents a year ago. No major hits or misses are expected according to start mine. Some analysts say big lots bottom line could be hurt by high toy inventory. And a lack of exciting deals. I'm Rhonda -- this is Reuters Insider.

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U.S. Day Ahead: 122,000 jobs expected for Nov.: Reuters poll

Thursday, December 01, 2011 - 01:55