Will today's August jobs report be good news?

Thursday's ADP report showed private employers added 204-thousand workers, and that was below what many analysts had predicted.  

A Bankrate.com survey of more than two dozen leading economists is sounding optimistic.

Bankrate's Mark Hamrick says they predict unemployment will fall from 6.2 percent to 5.7 percent in the next year and wage growth is expected to accelerate.

Payrolls are expected to expand by an average of 219- thousand jobs a month in the next 12 months, slightly faster than the current pace.

On the downside, they expect the workforce participation rate - already the lowest in decades - to barely improve.  

Hamrick says a slight majority of the experts, including two former regional Fed presidents, agree with the way the Fed is handling interest rates, but nearly half fear the Fed's kept interest rates low for too long and are risking future inflation.

They expect GDP growth over the next year to be around 3 percent.

Photo: MIAMI, FL - OCTOBER 22: Melinda Walker (R) shakes hands with Angelina Tennis, who is recruiting for jobs at First Command Financial Services during a job fair for veteran job seekers. Credit:Joe Raedle / 2013 Getty Images