WASHINGTON—U.S. job growth likely rebounded in October, with wages expected to have recorded their largest annual gain in 9 and a half years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.
The Labor Department’s closely watched monthly employment report on Nov. 2, is also expected to show the unemployment rate steady at a 49-year low of 3.7 percent. Sustained labor market strength could ease fears about the economy’s health following weak housing data and stalling business spending.
