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Reuters reports the expected figure will show private hiring jumped by more than 100,000 for the fifth successive month, a positive trend that is likely to improve stock broker risk-taking appetite, as it suggests the US recovery is strengthening.
The report with be released later today (December 3rd) and a favourable outcome should see stock markets rise, as Barbara Byrne Denham, chief economist of Eastern Consolidated, stated: "There is a lot of optimism that the economy is on the rebound and definitely has turned around."
Despite this, stock markets in the US are pointing towards a slightly weaker opening as traders await the report before making big moves.
Those in spread betting expect futures for the Dow Jones, Standard & Poor's 500 Index and the Nasdaq 100 to slip between 0.1 and 0.3 per cent.
Posted by Greg Secker
