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Diane von Furstenberg, fundraising chair for the new
Statue of Liberty Museum, celebrates with
construction workers at the Topping Off ceremony
for the new Statue of Liberty Museum, Monday,
Dec. 4, 2017, on Liberty Island in New York. (Diane Bondareff/AP Images)
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The biggest economic event of the month is here — the November jobs report.
At 8:30 a.m. ET, the Bureau of Labor Statistics will release the November jobs report, which should show the economy added 195,000 nonfarm payrolls in the second-to-last month of 2017. The unemployment rate is expected to hold at 4.1%, according to estimates from Bloomberg.
Economists will also keep an eye on wage growth, which rose a disappointing 2.4% over last year in October.
In markets, bitcoin (BTC-USD) will likely remain the big story.
The major U.S. indexes closed higher on Thursday, but the several-thousand-dollar price swings we saw in the value of bitcoin during the day captivated markets and made trading elsewhere a sideshow.
As of around 5:00 p.m. ET, the price of bitcoin was sitting near $16,275 according to Yahoo Finance’s compiled pricing from 60 exchanges. Coinbase, the most popular exchange for buying and selling bitcoin, was quoting the digital currency at around $16,855. Near noon eastern on Thursday, Coinbase had bitcoin briefly trading north of $19,000.
By Myles Udland.
Full story at Yahoo News.
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