Markets Await September Jobs Report on Friday

On Friday, October 7, the September jobs report is released by the Bureau of Labor Statistics. Economists expect nonfarm payrolls to rise by 168,000, an improvement from the 151,000 jobs created in August. The unemployment rate is expected to hold steady at 4.9%. Wages, which will also be released in Friday's report, are expected to rise 0.3% month-over-month. The jobs report will be closely watched by the Federal Reserve as it mulls its next rate hike. Four Fed officials are speaking at various events Friday including Vice Chair Stanley Fischer, along with Loretta Mester, Esther George and Lael Brainard. TheStreet's Scott Gamm reports from Wall Street.