Some economists expect to see wage gains surprise to the upside when the August jobs report is released Friday.
The economy is expected to have added a solid 180,000 jobs in August, down from 209,000 in July. The consensus forecast is for an increase in hourly wages of 0.2 percent, or 2.6 percent year over year, according to Thomson Reuters. Unemployment is expected to remain at 4.3 percent.
Barclays chief U.S. economist Michael Gapen expects 200,000 non-farm payrolls were added in August, with wages rising by 2.7 percent. Wages, like inflation, have been showing disappointing weakness this year.
"I don't think 2.4 or 2.5 on wages year on year is right. I think where we were a few months ago, at 2.7, is accurate," said Gapen.
Steve Rick, chief economist at CUNA Mutual Group, also expects the wages to look better than the consensus forecast.
"I think wages are finally going to break out of that 2.5 percent band we've been in," said Rick. He said he expects to see a 2.7 or 2.8 percent improvement.
"All over the country, the No. 1 concern I'm hearing is they can't find qualified employees so they're all having to raise wages to keep their employees from jumping ship. Wage pressures are really on the minds of employers," said Rick.