St. Louis Fed
Job growth is making a comeback in 2013.
Many believe this single report could be a big factor in determining the course of U.S. monetary policy in the coming months, so the stakes are high.
Wall Street economists predict 185,000 workers were added to nonfarm payrolls in November, down from October's 204,000 gain. The unemployment rate is expected to tick down to 7.2% from 7.3%.
Given the stakes, if the number comes in well above expectations, the stage may be set for a nasty sell-off in the bond market, as traders price in the chances that the Federal Reserve could begin winding down its quantitative easing program sooner rather than later. If the number comes in well below expectations, bonds will probably get a sizable boost. Click here for an in-depth preview »
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