+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here comes the jobs report ...

Dec 4, 2015, 18:29 IST

Reuters

It's jobs day in America.

Advertisement

At 8:30 a.m. ET, the Bureau of Labor Statistics will release data on the November employment situation.

Economists estimate, according to Bloomberg, that the data would show the US economy added 200,000 jobs last month, while the unemployment rate was unchanged at 5% - a seven-year low.

For wages, they forecast that average hourly earnings grew 0.2% month-on-month, and 2.3% year-on-year.

They also expect that if the nonfarm payrolls print is not disastrously below expectations, the Federal Reserve would go ahead and raise its benchmark rate at its meeting in about two weeks.

Advertisement

This, then, would intensify the debate and forecasts about the pace of interest rate hikes, as the Fed continues ease monetary policy.

Refresh this page for updates.

NOW WATCH: 5 interview questions that are designed to trick you

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article