OVERNIGHT MONEY: Focus turns to jobs

But even Mark Zandi said the uncertainty around the "fiscal cliff" wasn't really causing employers to pull back on hiring, especially with consumers showing some confidence heading into the holidays. 

The economy added 171,000 jobs in October, possibly helping to push President Obama to a second term.  

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A report on Wednesday showed that the private sector managed to create 118,000 jobs last month despite the effects of Sandy, uncertainty around the presidential election and unresolved spending and tax issues. 

Despite all of the hurdles, "businesses appear to be holding firm on their hiring and firing decisions," Zandi said. 

So we'll see what tomorrow brings and how policymakers opt to tackle the larger issues weighing on faster economic growth. 


ECONOMIC INDICATORS 

Michigan Sentiment: Thomson Reuters/University of Michigan will release its final measure of consumer sentiment for December.

Consumer Credit: The Federal Reserve releases its October measure of consumer debt.


WHAT YOU MIGHT HAVE MISSED

— Watchdog: More than $2B in unused stimulus has expired
— White House, business groups commend Congress for passage of Russia trade bill
— Senate passes Russia trade bill in 92-4 vote
Stabenow open to more farm bill food-stamp reforms
— Menendez: Sandy bill without spending cuts gaining support of House GOP
— Economist Zandi: Kill the debt limit
— Chief executives push for tax reform
— DeMint resignation leaves opening on Commerce Committee
— US asks for WTO action against Argentina
— Shelby plans move to Appropriations
Investors expect huge drop in stocks if ‘cliff’ deal isn’t reached
— GOP names members to Agriculture Committee
— South Dakota Dem Sen. Johnson opens door to retirement
— Claims for jobless benefits drop by 25,000
— Obama-friendly business group given great access to the White House


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