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 March 2024 13:30

Previous
0.6%
Revised
0.5%
Forecast
0.3%
Actual
0.1%

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

Next event - Friday 5 April 2024 12:30

Previous
0.1%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

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

Trading range

Forecast history

The most recent announced value for Average Hourly Earnings (MoM) was 0.1% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
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%
Friday 5 May 2023 12:30
0.3%
0.5%
Friday 7 April 2023 12:30
0.3%
0.3%
Friday 10 March 2023 13:30
0.3%
0.2%
Friday 3 February 2023 13:30
0.3%
0.3%
Friday 6 January 2023 13:30
-
0.3%
Friday 2 December 2022 13:30
0.3%
0.6%
Friday 4 November 2022 12:30
0.3%
0.4%
Friday 7 October 2022 12:30
0.3%
0.3%
Friday 2 September 2022 12:30
0.4%
0.3%
Friday 5 August 2022 12:30
0.3%
0.5%
Friday 8 July 2022 12:30
0.3%
0.3%
Friday 3 June 2022 12:30
0.4%
0.3%
Friday 6 May 2022 12:30
0.4%
0.3%
Friday 1 April 2022 12:30
0.4%
0.4%
Friday 4 March 2022 13:30
0.5%
0%
Friday 4 February 2022 13:30
0.5%
0.7%
Friday 7 January 2022 13:30
0.4%
0.6%
Friday 3 December 2021 13:30
0.4%
0.3%
Friday 5 November 2021 12:30
0.4%
0.4%
Friday 8 October 2021 12:30
0.4%
0.6%
Friday 3 September 2021 12:30
0.3%
0.6%
Friday 6 August 2021 12:30
0.3%
0.4%
Friday 2 July 2021 12:30
0.3%
0.3%
Friday 4 June 2021 12:30
0.2%
0.5%
Friday 7 May 2021 12:30
0%
0.7%
Friday 2 April 2021 12:30
0.2%
-0.1%

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 Sentiment IndexBullish change76.579.4
Pending Home Sales (MoM)Bullish change-4.7%1.6%
UoM 5-year Consumer Inflation ExpectationBearish change2.9%2.8%
Chicago Purchasing Managers' IndexBearish change4441.4
Core Personal Consumption Expenditures (QoQ)Bearish change2.1%2%
Gross Domestic Product AnnualizedBullish change3.2%3.4%
Gross Domestic Product Price Index(no change)1.7%1.7%
Initial Jobless ClaimsBullish change212K210K
Personal Consumption Expenditures Prices (QoQ)(no change)1.8%1.8%
Housing Price Index (MoM)Bearish change0.1%-0.1%
Durable Goods OrdersBullish change-6.9%1.4%
Durable Goods Orders ex DefenseBullish change-7.9%2.2%
Durable Goods Orders ex TransportationBullish change-0.3%0.5%
Nondefense Capital Goods Orders ex AircraftBullish change-0.4%0.7%
New Home Sales Change (MoM)Bearish change1.7%-0.3%
Existing Home Sales Change (MoM)Bullish change3.1%9.5%
S&P Global Composite PMIBearish change52.552.2
S&P Global Manufacturing PMIBullish change52.252.5
S&P Global Services PMIBearish change52.351.7
Initial Jobless ClaimsBullish change212K210K
Philadelphia Fed Manufacturing SurveyBearish change5.23.2
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBearish change4.6%3.9%
Interest Rate Projections - 2nd yearBearish change3.6%3.1%
Interest Rate Projections - CurrentBearish change5.4%4.6%
Interest Rate Projections - LongerBullish change2.5%2.6%
Building Permits (MoM)Bullish change1.489M1.518M
Housing Starts (MoM)Bullish change1.374M1.521M
Michigan Consumer Sentiment IndexBearish change76.976.5
UoM 5-year Consumer Inflation Expectation(no change)2.9%2.9%
Industrial Production (MoM)Bullish change-0.5%0.1%
NY Empire State Manufacturing IndexBearish change-2.4-20.9

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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