U.S. jobs-related data may pique investor interest Wednesday, as markets remain focused on developments in Europe.
Friday’s government employment report is the big data item for the week, but Wednesday’s ADP payrolls data and Challenger job cuts report are the monthly warm up act. ADP is expected to show that 130,000 jobs were created in November. Economists expect to see improvement in the government report Friday, with non farm payrolls, at 125,000, up from October’s 80,000.
“This is probably a better jobs reporting week than we’ve had in the past,” said Art Hogan of Lazard Capital Markets. “The weekly jobless claims have been under 400,000 for a couple weeks, so the jobs number we get on Friday is probably going to have an upside surprise to it.”
Better U.S. data has been a
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