Economic Events on December 7, 2012

The Monster Employment Index for November was released today, and the index moved up 2 points from last month to a value of 158, and is 7% higher than last November’s value.

At 8:30 AM EDT, the Employment Situation report for November will be announced, and the consensus for non-farm payrolls is an increase of 80,000 jobs compared to 171,000 in the previous month, the consensus for the unemployment rate is that it will increase 0.1% to 8.0%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.4 hours.

At 9:55 AM Eastern time, Consumer Sentiment for the first half of December will be announced.  The consensus is that the index will be at 83.0, which would be an increase of 0.3 points from the level reported in the second half of last month.

At 3:00 PM Eastern time, the Consumer Credit report for October will be released.  The consensus estimate is that there will be an increase of $10.0 billion in the consumer credit available, after an increase of $11.4 billion in the previous month.

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