Wage Growth Will Dominate Jobs Report as Markets Cinch Bets on Next Fed Hike

The Labor Department’s February employment report is likely to indicate that a lot more Americans are finding jobs in the world’s largest economy, but markets may be more sensitive to the pace of wages for people already in work for the next leg up in the global rally. Non-farm payrolls are expected to have increased by around 190,000 last month, according to the broad consensus on Wall Street, taking that headline unemployment rate down to 4.7%.