The U.S. labor market captures the spotlight in the coming week with the U.S. nonfarm payrolls report out on Friday morning.

The jobs report for February, the first full month in President Donald Trump's economy, will be picked apart by investors eager to discern the likelihood of a rate hike come mid-March. Signs point to a robust report, proof that the president inherited a solid economic foundation from predecessor Barack Obama despite Trump's calls to the contrary.

"The February jobs report is gearing up to be strong across the board," TD Securities analysts wrote in a note. "Overall, the report provides reinforcement for the recent moves in market rate hike expectations."

Market consensus is for 185,000 jobs to have been added to the U.S. economy in February, though TD Securities pegs additions even higher at 205,000 jobs. The unemployment rate is expected to drop 100 basis points to 4.7% and wages are anticipated to climb by 0.3%.

Also on the economic calendar in the coming week, the ADP Employment Report for November, the unofficial reading on private payrolls ahead of the official U.S. jobs report, will be released Wednesday. Personal income and outlays for October will also be released on Wednesday, and weekly jobless claims are scheduled for their regular time on Thursday.

The week's data should be enough for Fed members to determine whether to make a move higher at their meeting the following week. Fed members have turned hawkish in recent months, calling the March meeting a "live" one and telegraphing more than one rate hike this year.

Recent Fedspeak has upped the chances of a March hike in the eyes of investors. Federal funds futures price a 25-basis-point hike in March at nearly 78% as of Friday, according to CME Group. Chances were as low as 35% earlier in the week. The Federal Open Market Committee, the group that decides when interest rates will move, next meets from March 14 to 15.

The pace of earnings reports slows down significantly in the coming week as the reporting season draws to a close. More than four-fifths of S&P 500 companies have already reported on their recent fourth quarter.

Earnings of note in the coming week include Analogic (ALOG) and Ascena Retail (ASNA) - Get Report on Monday; Bojangles (BOJA) - Get Report , H&R Block (HRB) - Get Report , and Dick's Sporting Goods (DKS) - Get Report , Michaels (MIK) - Get Report , and Urban Outfitters (URBN) - Get Report on Tuesday; Ciena (CIEN) - Get Report , Bankrate (RATE) , Express (EXPR) - Get Report , Vera Bradley (VRA) - Get Report , and Bob Evans Farms (BOBE) on Wednesday; El Pollo Loco (LOCO) - Get Report , Hugo Boss (BOSSY) , Party City (PRTY) - Get Report , Signet Jewelers (SIG) - Get Report , and Verifone Systems (PAY) on Thursday; and Kirkland's (KIRK) - Get Report , and Vail Resorts (MTN) - Get Report on Friday.