Traders and investors on Wall Street are preparing for another labor market report this week as they figure out whether the labor market has cooled enough to allow the Federal Reserve to pivot — switch from a restrictive to an accommodative monetary policy.
The U.S. Bureau of Labor Statistics (BLS) will release the November nonfarm payrolls report on Friday. It's a monthly survey tallying the net number of jobs the nation's businesses create each month. Jobs are critical in every economy, as they are the primary source of income and consumer spending that drive GDP growth.
