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This jobs report is very important. Here's why

Friday is a big day for the U.S. economy.

We will find out how many jobs America's economy added in August and whether wages are finally growing.


But this time the news goes beyond jobs and wages -- a big decision looms in less than two weeks for America's central bank, the Federal Reserve. And it seems to be coming down to the wire, where the jobs report could be the deciding factor.

"It should weigh heavily on the Fed's decision in that meeting," says Sal Guatieri, senior economist at BMO Capital Markets. "This report takes on elevated significance."

The reason is that the jobs growth would confirm the view that the U.S. economy is recovering nicely and strong enough to withstand higher interest rates.

http://money.cnn.com/2015/09/03/news/economy/us-august-jobs-...