Top Stories
Top Stories
Market Insider

We've got the jobs, but show us the money

VIDEO1:1201:12
November's job growth to surpass October's numbers?

Economists expect that 230,000 jobs were created in November, but wage growth will likely remain elusive when the monthly jobs report is released Friday.

The unemployment rate is expected to be unchanged at 5.8 percent, according to Reuters. But Wall Street sees just a slight change in average hourly wages, rising 2.1 percent year-over-year, compared with 2 percent in October.

"I'm expecting it any day now. There are signs that wage growth is picking up," said Mark Zandi, chief economist at Moody's Analytics. He expects jobs growth of 220,000 and an unemployment rate of 5.7 percent. "We are seeing wages pick up in trucking, in Texas, in places you'd expect to see it. The ADP data suggests wage growth is picking up. I think we'll see it by the spring. "