Indiana Grain Company, LLC

Posted: 12/02/11

By: tomgrisafi

November's employment report is expected to show improvement over last month.

A better than expected number, some analysts say, could send stocks soaring even higher to end the week.

The opposite of a positive report, however, could send stocks sinking back toward last week's levels.

CNBC reported Thursday that economists have been forecasting a total 125,000 non-farm payrolls were added in November, but that number could disappoint markets that are geared up for a slightly better number.

"We've become somewhat biased for a stronger-than-expected number," said David Ader, head of Treasury strategy at CRT Capital. "Whisper numbers are 150,000, 175,000" for private payrolls, slightly better than the consensus. In October, a total 80,000 payrolls were added, with private sector jobs at 104,000.

According to Mesirow Financial chief economist Diane Swonk, "It does look like we're getting an increase in small business births...over half of the increase in the ADP data is small businesses. Usually, when you have that kind of a pickup, it's indicative of small businesses starting."

Source: CNBC

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