Jobs Report Will Be The Focuse Today

U.S. stock futures edged higher Friday in light trade as traders awaited a report that may show a declining rate of job losses. The November non-farm payrolls report is due at 8:30 a.m. Eastern, and economists polled expect 100,000 jobs to be lost — less than the 190,000 jobs lost in October. Strategists at CITI are predicting 100,000 jobs lost but point out that the market will also be closely scrutinizing the unemployment rate. The official unemployment rate is expected to remain at 10.2%.

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