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 1 November 2024 12:30

Previous
0.3%
Revised
0.3%
Forecast
0.3%
Actual
0.4%

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

Next event - Friday 6 December 2024 13:30

Previous
0.4%
Forecast
0.3%
Actual
-

The typical/expected impact on USD pairs is high.

The consensus forecast for Average Hourly Earnings (MoM) is 0.3%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Average Hourly Earnings (MoM) was 0.4% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
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%
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%

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 (MoM) result:

PreviousLatest
JOLTS Job OpeningsBullish change7.372M7.744M
ISM Manufacturing Employment IndexBullish change44.448.1
ISM Manufacturing New Orders IndexBullish change47.150.4
ISM Manufacturing PMIBullish change46.548.4
ISM Manufacturing Prices PaidBearish change54.850.3
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.1%2.3%
Personal Income (MoM)Bullish change0.3%0.6%
Personal SpendingBearish change0.6%0.4%
Pending Home Sales (MoM)Bearish change7.5%2%
Chicago Purchasing Managers' IndexBearish change41.640.2
Core Personal Consumption Expenditures (QoQ)Bearish change2.2%2.1%
Durable Goods OrdersBullish change-0.4%0.2%
Durable Goods Orders ex DefenseBullish change-0.9%0.4%
Durable Goods Orders ex TransportationBearish change0.4%0.1%
Gross Domestic Product Annualized(no change)2.8%2.8%
Gross Domestic Product Price IndexBullish change1.8%1.9%
Nondefense Capital Goods Orders ex AircraftBearish change0.3%-0.2%
Personal Consumption Expenditures Prices (QoQ)(no change)1.5%1.5%
Initial Jobless ClaimsBullish change215K213K
New Home Sales Change (MoM)Bearish change7%-17.3%
Housing Price Index (MoM)Bullish change0.4%0.7%
Michigan Consumer Sentiment IndexBearish change7371.8
UoM 5-year Consumer Inflation ExpectationBullish change3.1%3.2%
S&P Global Composite PMIBullish change54.155.3
S&P Global Manufacturing PMIBullish change48.548.8
S&P Global Services PMIBullish change5557
Existing Home Sales Change (MoM)Bullish change-1.3%3.4%
Initial Jobless ClaimsBullish change219K213K
Philadelphia Fed Manufacturing SurveyBearish change10.3-5.5

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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