The major economic data to be released this week will be the September U.S. jobs report on Friday. We expect a net increase in total employment of 85,000 positions following the gain of 162,000 in August. We expect the unemployment rate will remain unchanged at 4.1%. Average hourly earnings should increase by 0.3% month over month and by 3.2% on a year-ago basis. Get Joe Brusuelas’s Market Minute commentary every morning. Subscribe now . With inflation rearing its ugly head once again, one focus will be on real wages in contrast with the nominal numbers reported in the monthly jobs data. Because we are expecting the September consumer price index to show inflation at or above 4% when it is released on Oct.
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