Markets Await November Jobs Report Friday

On Friday, December 2, the November jobs report is released - the last labor market report before the Federal Reserve's all-important December meeting. Economists expect nonfarm payrolls to rise by 170,000, slightly higher than the 161,000 created in October, although the prior month's payrolls figure is likely to be revised. Average hourly earnings are expected to rise 0.2% - that's another data point included in Friday's report. Federal Reserve officials Lael Brainard and Daniel Tarullo are speaking at various events - after the jobs numbers are released. It's a quiet day on the earnings calendar with retailer Big Lots (BIG) - Get Report releasing results before the markets open. TheStreet's Scott Gamm reports from Wall Street.