Stocks: Job reports in focus this week
热3已有 149944 次阅读 2012-12-02 23:20 标签: reports border center normalInvestors have been hesitant to pull the trigger over the last few weeks, as lawmakers and President Obama struggle to find consensus over year-end tax hikes and spending cuts. There's fears that, if unresolved, the so-called fiscal cliff will harm the economy at a time when the outlook for growth is already in question.
Last week, the Dow Jones Industrial Average and S&P 500 ended flat for the week. The Nasdaq eked out a gain of 1.4%. .
Analysts are hopeful that this week's economic data will light a fire under lawmakers to make a deal, especially if there's evidence that employers are postponing hiring until there's resolution in Washington..
Investors will first get a sense of the nation's employment picture on Wednesday from payroll processing firm ADP and from the Challenger job cuts report on Thursday. .
The main event comes Friday, when the Labor Department releases its nonfarm payroll numbers and the nation's unemployment rate. .
"This week may bring some more progress towards a deal to prevent the U.S. fiscal cliff," said Paul Dales, senior U.S. economist at Capital Economics. "November's employment report...may provide further incentive."
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