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Headline employment report coming...>

US DATA PREVIEW
US DATA PREVIEW: Headline employment report coming up
- Credit Suisse economists said they expect "job gains to revert down towards
their recent run rate in November, just above 200K" while the "unemployment rate
to remain unchanged at 3.7%. We forecast a monthly increase of 0.3% in average
hourly earnings, which would just be enough for the YoY growth rate to round up
to 3.2%."
- CIBC: After the weather related boost to October report, "hiring should return
to a more trend-like pace in November," CIBC posited. "A 188K gain in jobs is a
deceleration relative to the prior year's pace but it is consistent with a
healthy economy that is closing in on full employment. That hiring should leave
the unemployment rate unchanged at 3.7%."

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