Here comes the jobs report ...

The Bureau of Labor Statistics will release its monthly jobs report at 8:30 a.m. ET.

Economists expect that the two destructive hurricanes that slammed into the US mainland in September slowed hiring, but they're unsure about the extent.

The consensus forecast according to Bloomberg is for 80,000 payrolls, well below the trend of the past few months.

One forecaster even sees a net loss of 45,000 jobs, illustrating how wide the range of estimates are. According to UBS, the standard deviation of September payroll forecasts is twice as high as it's been in the past.

The unemployment rate is expected at 4.4%, unchanged from August. It could also have been affected by the hurricanes, although everyone who remained employed in the pay period of September 12 was still counted as such even if they were temporarily away from their jobs.

There's little change expected to the pace of wage growth, with average hourly earnings forecast up 0.3% from August, and 2.5% from September 2016. This could also have been affected by the hurricanes if, for example, some workers lost their jobs. Other gauges of pay such as median weekly earnings show a faster rate of wage growth.

More to come ...