Average Hourly Earnings (YoY)

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 6 December 2024 13:30

Previous
4%
Revised
-
Forecast
3.9%
Actual
4%

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

Next event - Friday 3 January 2025 13:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Average Hourly Earnings (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Average Hourly Earnings (YoY) was 4% against a forecast of 3.9%.

Past events

Date
Forecast
Actual
Friday 6 December 2024 13:30
3.9%
4%
Friday 1 November 2024 12:30
4%
4%
Friday 4 October 2024 12:30
3.8%
4%
Friday 6 September 2024 12:30
3.7%
3.8%
Friday 2 August 2024 12:30
3.7%
3.6%
Friday 5 July 2024 12:30
3.9%
3.9%
Friday 7 June 2024 12:30
3.9%
4.1%
Friday 3 May 2024 12:30
4%
3.9%
Friday 5 April 2024 12:30
4.1%
4.1%
Friday 8 March 2024 13:30
4.4%
4.3%
Friday 2 February 2024 13:30
4.1%
4.5%
Friday 5 January 2024 13:30
3.9%
4.1%
Friday 8 December 2023 13:30
4%
4%
Friday 3 November 2023 12:30
4%
4.1%
Friday 6 October 2023 12:30
4.3%
4.2%
Friday 1 September 2023 12:30
4.4%
4.3%
Friday 4 August 2023 12:30
4.2%
4.4%
Friday 7 July 2023 12:30
4.2%
4.4%
Friday 2 June 2023 12:30
4.4%
4.3%
Friday 5 May 2023 12:30
4.2%
4.4%
Friday 7 April 2023 12:30
4.3%
4.2%
Friday 10 March 2023 13:30
4.7%
4.6%
Friday 3 February 2023 13:30
4.9%
4.4%
Friday 6 January 2023 13:30
5%
4.6%
Friday 2 December 2022 13:30
4.6%
5.1%
Friday 4 November 2022 12:30
4.7%
4.7%
Friday 7 October 2022 12:30
5.1%
5%
Friday 2 September 2022 12:30
5.3%
5.2%
Friday 5 August 2022 12:30
4.9%
5.2%
Friday 8 July 2022 12:30
5%
5.1%
Friday 3 June 2022 12:30
5.2%
5.2%
Friday 6 May 2022 12:30
5.5%
5.5%
Friday 1 April 2022 12:30
5.5%
5.6%
Friday 4 March 2022 13:30
5.8%
5.1%
Friday 4 February 2022 13:30
5.2%
5.7%
Friday 7 January 2022 13:30
4.2%
4.7%

Economic context

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

PreviousLatest
Michigan Consumer Sentiment Index(no change)7474
UoM 5-year Consumer Inflation ExpectationBearish change3.1%3%
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.1%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.8%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.2%0.1%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.3%2.4%
Personal Income (MoM)Bearish change0.7%0.3%
Personal SpendingBullish change0.3%0.4%
Existing Home Sales Change (MoM)Bullish change3.4%4.8%
Initial Jobless ClaimsBullish change242K220K
Philadelphia Fed Manufacturing SurveyBearish change-5.5-16.4
Core Personal Consumption Expenditures (QoQ)Bullish change2.1%2.2%
Gross Domestic Product AnnualizedBullish change2.8%3.1%
Gross Domestic Product Price Index(no change)1.9%1.9%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Fed Interest Rate DecisionBearish change4.75%4.5%
Interest Rate Projections - 1st yearBullish change3.4%3.9%
Interest Rate Projections - 2nd yearBullish change2.9%3.4%
Interest Rate Projections - 3rd yearBullish change2.9%3.1%
Interest Rate Projections - Current(no change)4.4%4.4%
Interest Rate Projections - LongerBullish change2.9%3%
Building Permits (MoM)Bullish change1.419M1.505M
Housing Starts (MoM)Bearish change1.312M1.289M
Industrial Production (MoM)Bullish change-0.4%-0.1%
Retail Sales (MoM)Bullish change0.5%0.7%
Retail Sales Control GroupBullish change-0.1%0.4%
Retail Sales ex Autos (MoM)(no change)0.2%0.2%
S&P Global Composite PMIBullish change54.956.6
S&P Global Manufacturing PMIBearish change49.748.3
S&P Global Services PMIBullish change56.158.5
NY Empire State Manufacturing IndexBearish change31.20.2
Initial Jobless ClaimsBearish change225K242K
Producer Price Index (MoM)Bullish change0.3%0.4%
Producer Price Index (YoY)Bullish change2.6%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change3.1%3.4%
Monthly Budget StatementBearish change$-257B$-367B
Consumer Price Index (MoM)Bullish change0.2%0.3%
Consumer Price Index (YoY)Bullish change2.6%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Nonfarm Productivity(no change)2.2%2.2%
Unit Labor CostsBearish change1.9%0.8%

About Average Hourly Earnings (YoY)

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