Thursday, December 6, 2012

Stocks on hold before jobs report | Essentials

Stocks on hold before jobs report

Excerpt:

NEW YORK (CNNMoney) -- U.S. stock futures were little changed Friday as investors braced for the final jobs report before the presidential election. The session will close a week shortened by Superstorm Sandy, as the area around the New York Stock Exchange remains without power for the fourth day. The government's monthly jobs report takes the spotlight. Economists surveyed by CNNMoney expect the report, due at 8:30 a.m. ET, to show the economy added 125,000 jobs last month. The unemployment rate is predicted to have ticked up to 7. 9% from 7. 8% in September. Earlier in the week, when then-Hurricane Sandy was in full swing, it was unclear whether the jobs report would come out on Friday. Federal offices were closed for two days this week, throwing the Labor Department's ability to produce the highly anticipated report into doubt.

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