Average Hourly Earnings (MoM)

The Average Hourly Earning released by the US Bureau of Labor Statistics is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

Most recent - Friday 8 May 2026 12:30

Previous
0.2%
Revised
-
Forecast
0.3%
Actual
0.2%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Average Hourly Earnings (MoM) was 0.2% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Friday 8 May 2026 12:30
0.3%
0.2%
Friday 3 April 2026 12:30
0.3%
0.2%
Friday 6 March 2026 13:30
0.3%
0.4%
Wednesday 11 February 2026 13:30
0.3%
0.4%
Friday 6 February 2026 13:30
-
-
Friday 9 January 2026 13:30
0.3%
0.3%
Tuesday 16 December 2025 13:30
0.3%
0.1%
Tuesday 16 December 2025 13:30
-
0.4%
Thursday 20 November 2025 13:30
0.3%
0.2%
Friday 7 November 2025 13:30
0.3%
-
Friday 3 October 2025 12:30
0.3%
-
Friday 5 September 2025 12:30
0.3%
0.3%
Friday 1 August 2025 12:30
0.3%
0.3%
Thursday 3 July 2025 12:30
0.3%
0.2%
Friday 6 June 2025 12:30
0.3%
0.4%
Friday 2 May 2025 12:30
0.3%
0.2%
Friday 4 April 2025 12:30
0.3%
0.3%
Friday 7 March 2025 13:30
0.3%
0.3%
Friday 7 February 2025 13:30
0.3%
0.5%
Friday 10 January 2025 13:30
0.3%
0.3%
Friday 6 December 2024 13:30
0.3%
0.4%
Friday 1 November 2024 12:30
0.3%
0.4%
Friday 4 October 2024 12:30
0.3%
0.4%
Friday 6 September 2024 12:30
0.3%
0.4%
Friday 2 August 2024 12:30
0.3%
0.2%
Friday 5 July 2024 12:30
0.3%
0.3%
Friday 7 June 2024 12:30
0.3%
0.4%
Friday 3 May 2024 12:30
0.3%
0.2%
Friday 5 April 2024 12:30
0.3%
0.3%
Friday 8 March 2024 13:30
0.3%
0.1%
Friday 2 February 2024 13:30
0.3%
0.6%
Friday 5 January 2024 13:30
0.3%
0.4%
Friday 8 December 2023 13:30
0.3%
0.4%
Friday 3 November 2023 12:30
0.3%
0.2%
Friday 6 October 2023 12:30
0.3%
0.2%
Friday 1 September 2023 12:30
0.3%
0.2%
Friday 4 August 2023 12:30
0.3%
0.4%
Friday 7 July 2023 12:30
0.3%
0.4%
Friday 2 June 2023 12:30
0.3%
0.3%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Average Hourly Earnings (MoM) result:

PreviousLatest
Michigan Consumer Expectations IndexBullish change48.148.5
Michigan Consumer Sentiment IndexBearish change49.848.2
UoM 1-year Consumer Inflation ExpectationsBearish change4.7%4.5%
UoM 5-year Consumer Inflation ExpectationBearish change3.5%3.4%
Average Hourly Earnings (YoY)Bullish change3.4%3.6%
Labor Force Participation RateBearish change61.9%61.8%
Nonfarm PayrollsBearish change185K115K
U6 Underemployment Rate(no change)-8%-8%
Unemployment Rate(no change)4.3%4.3%
Initial Jobless ClaimsBearish change190K200K
Nonfarm ProductivityBearish change1.8%0.8%
Unit Labor CostsBearish change4.4%2.3%
Challenger Job CutsBullish change60.62K83.687K
ADP Employment ChangeBullish change61K109K
New Home Sales Change (MoM)Bearish change8.9%7.4%
New Home Sales Change (MoM)Bullish change-19.9%8.9%
ISM Services Employment IndexBullish change45.248
ISM Services New Orders IndexBearish change60.653.5
ISM Services PMIBearish change5453.6
ISM Services Prices Paid(no change)70.770.7
JOLTS Job OpeningsBearish change6.922M6.866M
S&P Global Composite PMIBearish change5251.7
Factory Orders (MoM)Bullish change0.3%1.5%
ISM Manufacturing Employment IndexBearish change48.746.4
ISM Manufacturing New Orders IndexBullish change53.554.1
ISM Manufacturing PMI(no change)52.752.7
ISM Manufacturing Prices PaidBullish change78.384.6
Chicago PMIBearish change52.849.2
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change3%3.2%
Core Personal Consumption Expenditures (QoQ)Bullish change2.7%4.3%
Employment Cost IndexBullish change0.7%0.9%
Gross Domestic Product AnnualizedBullish change0.5%2%
Gross Domestic Product Price IndexBearish change3.7%3.6%
Initial Jobless ClaimsBullish change215K189K
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.4%0.7%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.8%3.5%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.9%4.5%
Personal Income (MoM)Bullish change0%0.6%
Personal SpendingBullish change0.6%0.9%
Fed Interest Rate Decision(no change)3.75%3.75%
Building Permits (MoM)Bearish change1.538M1.372M
Housing Starts (MoM)Bullish change1.356M1.502M
Building Permits (MoM)Bullish change1.386M1.538M
Durable Goods OrdersBullish change-1.2%0.8%
Durable Goods Orders ex DefenseBullish change-1.2%-0.3%
Durable Goods Orders ex TransportationBearish change1.2%0.9%
Housing Starts (MoM)Bearish change1.398M1.356M
Nondefense Capital Goods Orders ex AircraftBullish change1.6%3.3%
Housing Price Index (MoM)Bearish change0.2%0%
ADP Employment Change 4-week averageBearish change40.25K39.25K

About Average Hourly Earnings (MoM)

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Labor Market
Frequency:Monthly
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