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The U.S. Week Ahead: 120,000 jobs expected in November

Friday, November 25, 2011 - 02:21

Nov. 25 - Reuters Correspondent Jason Lange says Friday's Jobs Report is set to show the recovery is gathering steam but dangers still lurk around the corner.

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US week ahead investors will be checking the strength of their recovery when the jobs report comes out on Friday at 8:30 AM. Nonfarm payrolls -- sent to grow by 120000. According to a Reuters hall but that's. Still not enough to put a significant dent in the unemployment rate. Hovering at a stubborn 9%. Reuters correspondent Jason Lang says the recovery is gathering steam but danger lurks around the corner. -- the US economy seems like you just can't catch a break it was accelerating this time last year as well and then a spike in oil prices for the -- -- it. Now problems in Europe look pretty serious and there's a chance of more fiscal tightening in the US next year so this upswing in hiring in the growth of just my. -- last. Also on tab key housing sentiment and manufacturing data. Look at the F and ADP report a curtain raiser for nonfarm payrolls and on Thursday we'll get the latest read on I am and vehicle sales. Expect your debt crisis to top the agenda when president Barack Obama meets with EU officials on Monday. Obama is sitting down with European council president. -- that Romney at European Commission president Jose Manuel Barroso at a summit in DC. I expected to offer advice on how to deal with the situation but he said in the past. That the ball was firmly in Europe's court. Retail results -- dominate corporate earnings on the great -- -- for Tuesday. H&R block and Kroger for today and big lots for Friday. Kroger is the start -- stand up for all the wrong reasons. Is that to show earnings of 31 cents a share a surprise that the downside of nearly 3% when compared to the net and and we'll get more insight into the Atlanta but perhaps speakers from the Central Bank take the podium and focus will be on two voting officials. On Tuesday we hear from Minneapolis fed president area code who was kinda. Give his take on monetary policy at 8 PM. Friday Philadelphia fed president Charles -- discusses but it's on the morning at 10 AM. I'm Rhonda schaffler this is Reuters Insider.

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