Jobs Report: Can It Calm The Markets?

Friday's jobs report, due out at 8:30 EST, could be another market moving event, especially after yesterday's big sell-off in the stock market. Expectations are for 233,000 jobs added to non-farm payrolls, with the unemployment rate staying steady at 6.1 percent, compared to June's 288,000 job growth and 6.1 unemployment rate. Many economists are predicting that a stronger number, especially if the unemployment rate prints below 6 percent, may give the Fed rates to look at raising rates sooner, which could rattle the already nervous equity markets. If job growth does exceed 200,00, it will mark the first time since 1997 with six consecutive months of 200,000 or greater jobs creation.