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The October jobs report was expected to show the fastest wage growth since the recession.
The Bureau of Labor Statistics will release the October jobs report at 8:30 a.m. ET.
Economists forecast that employers added 200,000 nonfarm payrolls last month, according to estimates compiled by Bloomberg. That would be a rebound from the weakest monthly gain of 2018 recorded in September, when payrolls rose by 134,000.
The unemployment rate is forecast to hold steady at 3.7%, its lowest level since 1969.
Wage growth should be the star of the show and is expected to show a new post-crisis milestone for Americans' paychecks.
Average hourly earnings are forecast to rise 3.1% year-on-year, which would be the first time they've grown by more than 3% since April 2009. This is expected partly because wage growth was weak last October, as many of the lower-paid staff who were put out of work by Hurricane Harvey returned to their jobs.
Overall, the jobs report should continue to reflect the tightest labor market in several years that's putting pressure on employers to raise worker pay. If it beats expectations, it would bolster the Trump administration's talking point on the economy just days before the Midterm elections next week.
The report should also bolster expectations that the Federal Reserve will raise interest rates at its December meeting. At the same time, a hot wage-growth print could revive investors' concerns about inflation and how this could influence future Fed decisions.
More to come, refresh this page for the latest at 8:30 a.m. ET.
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