Quotes from Scotiabank:- Friday's jobs report and Wed's minutes to the Dec 16-17 FOMC meeting will dominate US market attention. Our call is for 275k jobs to have been created in Dec. That would follow 321,000 in Nov that raised the year-to-date monthly average to 241,000 and the year-to-date tally to 2.65 million – the strongest year for job creation since 1998. – The JOLTS measure of job vacancies waiting to be filled climbed in Oct and sat just a hair's width from the Aug level which was the highest since early 2001. Large unfilled hiring appetite portends sustained trend strength in job creation. – A debating point is whether job growth can hold up in the absence of the hiring spree driven by shale plays. What we're assuming is that job growth will remain resilient as lower oil prices ignite additional hiring in other sectors of the economy. Obviously there are multiplier effects, but the sector is often exaggerated in terms of its full cycle influences on hiring.
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