The September jobs report is set to be released on Friday, with economists anticipating nonfarm payrolls will increase by 150,000 compared to 142,000 in August, according to Bloomberg consensus estimates. The unemployment rate is expected to hold steady at 4.2%, while hourly wages are projected to see a slight decrease to 0.3%, down from August's 0.4%.

Wealth! host Brad Smith analyzes the expectations for tomorrow's labor market data, examining other labor market indicators, such as the Job Openings and Labor Turnover Survey (JOLTS) data and initial jobless claims and what they reveal about overall employment trends.

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This post was written by Angel Smith