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Street eyeing jobs report for liftoff clues

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Traders on Friday will comb through the first of two key employment reports that could determine the likelihood of an interest rate hike in December.

"It's all riding on tomorrow. If we get a strong number the Fed may move," said Tom Siomades, head of Hartford Funds Investment Consulting Group. He expects Friday's report, due at 8:30 a.m. EST, to be more important than next month's in determining U.S. central bank policy.

Economists polled by Reuters forecast about 180,000 nonfarm payrolls for October, with unemployment holding at September's 5.1 percent rate.