Does the market want a strong or weak jobs report Friday? Traders aren’t sure

When it comes to the jobs report Friday, investors can't seem to make up their mind what they want. The November nonfarm payrolls report is one of the last major economic data points before the Federal Reserve holds its Dec. 17-18 meeting, at which the central bank is widely expected to squeeze in one more rate cut before the end of the year.

To be sure, Goldman Sachs' official forecast shows a 235,000 job increase in nonfarm payrolls, a figure that could mean stocks fall Friday, Flood wrote. On the other hand, JPMorgan traders expect that a strong jobs report will be just the fuel to keep the market going higher, and officially forecasts the U.S. to have added 275,000 jobs last month. The bank expects a number that lands somewhere between 230,000 and 300,000, with unemployment ticking higher, will correlate with a 0.

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