MORNING BID AMERICAS-Markets freeze for jobless recession gauge

A look at the day ahead in U.S. and global markets from Mike Dolan With investors trying to read recessionary warnings from softening U.S. labor market signals all week, the outsize importance of the November payrolls report to next week's Federal Reserve meeting has frozen frenetic markets in advance. The standing consensus forecasts are for a 180,000 rise in non-farm payrolls last month, an unchanged jobless rate at 3.9% and a cooling of annual wage growth to 4.0%. But a curious twist this month centres the closely-watched 'Sahm rule' threshold, that has historically shown recession is underway when the three-month rolling average unemployment rate rises half a point above the low of the prior 12 months.