Economy

Friday’s jobs report will be big signal for market seeking good news

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A now hiring sign is posted in front of a U-Haul rental center on November 03, 2023 in San Rafael, California.

Justin Sullivan | Getty Images

When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as to trigger more interest rate hikes and not so slow as to raise worries about the economy.

In market jargon, that quest for the middle is sometimes referred to as a “Goldilocks” number — not too hot, not too cold — that can be difficult to find.

But in this case, the good news is that the range looks to be pretty wide with a higher probability of good news than bad.

While the Dow Jones estimate is for a…



Source cnbc.com

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