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 7 March 2025 13:30

Previous
3.9%
Revised
3.9%
Forecast
4.1%
Actual
4%

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

Next event - Friday 4 April 2025 12:30

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 4.1%.

Past events

Date
Forecast
Actual
Friday 7 March 2025 13:30
4.1%
4%
Friday 7 February 2025 13:30
3.8%
4.1%
Friday 10 January 2025 13:30
4%
3.9%
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%

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 (YoY) result:

PreviousLatest
Industrial Production (MoM)Bullish change0.3%0.7%
Building Permits (MoM)Bearish change1.473M1.456M
Housing Starts (MoM)Bullish change1.35M1.501M
NY Empire State Manufacturing IndexBearish change5.7-20
Retail Sales (MoM)Bullish change-1.2%0.2%
Retail Sales Control GroupBullish change-1%1%
Retail Sales ex Autos (MoM)Bullish change-0.6%0.3%
Michigan Consumer Sentiment IndexBearish change64.757.9
UoM 5-year Consumer Inflation ExpectationBullish change3.5%3.9%
Initial Jobless ClaimsBullish change222K220K
Producer Price Index (MoM)Bearish change0.6%0%
Producer Price Index (YoY)Bearish change3.7%3.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%
Monthly Budget StatementBearish change$-129B$-307B
Consumer Price Index (MoM)Bearish change0.5%0.2%
Consumer Price Index (YoY)Bearish change3%2.8%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.4%0.2%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.3%3.1%
JOLTS Job OpeningsBullish change7.508M7.74M
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Labor Force Participation RateBearish change62.6%62.4%
Nonfarm PayrollsBullish change125K151K
U6 Underemployment RateBearish change7.5%8%
Unemployment RateBearish change4%4.1%
Initial Jobless ClaimsBullish change242K221K
Nonfarm ProductivityBullish change1.2%1.5%
Unit Labor CostsBearish change3%2.2%
Challenger Job CutsBullish change49.795K172.017K
Factory Orders (MoM)Bullish change-0.6%1.7%
ISM Services Employment IndexBullish change52.353.9
ISM Services New Orders IndexBullish change51.352.2
ISM Services PMIBullish change52.853.5
ISM Services Prices PaidBullish change60.462.6
S&P Global Composite PMIBullish change50.451.6
ADP Employment ChangeBearish change186K77K

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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