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.

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Most recent - Friday 8 December 2023 13:30

0.2%

Revised

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 5 January 2024 13:30

0.4%

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 0.4% against a forecast of 0.3%.

Past events

Date

Forecast

Actual

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%

Friday 5 May 2023 12:30

0.3%

0.5%

Friday 7 April 2023 12:30

0.3%

Friday 10 March 2023 13:30

0.3%

0.2%

Friday 3 February 2023 13:30

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%

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%

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%

Friday 4 March 2022 13:30

0.5%

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%

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%

Friday 4 June 2021 12:30

0.2%

0.5%

Friday 7 May 2021 12:30

0.7%

Friday 2 April 2021 12:30

0.2%

-0.1%

Friday 5 March 2021 13:30

0.2%

Friday 5 February 2021 13:30

0.3%

0.2%

Friday 8 January 2021 13:30

0.2%

0.8%

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:

		Previous	Latest
Michigan Consumer Sentiment Index	Bullish change	61.3	69.4
UoM 5-year Consumer Inflation Expectation	Bearish change	3.2%	2.8%
Average Hourly Earnings (YoY)	(no change)	4%	4%
Labor Force Participation Rate	Bullish change	62.7%	62.8%
Nonfarm Payrolls	Bullish change	150K	199K
U6 Underemployment Rate	Bullish change	7.2%	7%
Unemployment Rate	Bullish change	3.9%	3.7%
Initial Jobless Claims	Bearish change	218K	220K
Challenger Job Cuts	Bullish change	36.836K	45.51K
Nonfarm Productivity	Bullish change	4.7%	5.2%
Unit Labor Costs	Bearish change	-0.8%	-1.2%
ADP Employment Change	Bearish change	106K	103K
ISM Services Employment Index	Bullish change	50.2	50.7
ISM Services New Orders Index	(no change)	55.5	55.5
ISM Services PMI	Bullish change	51.8	52.7
ISM Services Prices Paid	Bearish change	58.6	58.3
JOLTS Job Openings	Bearish change	9.35M	8.733M
S&P Global Composite PMI	(no change)	50.7	50.7
Factory Orders (MoM)	Bearish change	2.3%	-3.6%
ISM Manufacturing Employment Index	Bearish change	46.8	45.8
ISM Manufacturing New Orders Index	Bullish change	45.5	48.3
ISM Manufacturing PMI	(no change)	46.7	46.7
ISM Manufacturing Prices Paid	Bullish change	45.1	49.9
Pending Home Sales (MoM)	Bearish change	1%	-1.5%
Chicago Purchasing Managers' Index	Bullish change	44	55.8
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.7%	3.5%
Initial Jobless Claims	Bearish change	211K	218K
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.4%	0%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	3.4%	3%
Personal Income (MoM)	Bearish change	0.4%	0.2%
Personal Spending	Bearish change	0.7%	0.2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.4%	2.3%
Gross Domestic Product Annualized	Bullish change	4.9%	5.2%
Gross Domestic Product Price Index	(no change)	3.5%	3.5%
Personal Consumption Expenditures Prices (QoQ)	Bearish change	2.9%	2.8%
Housing Price Index (MoM)	(no change)	0.6%	0.6%
New Home Sales Change (MoM)	Bearish change	8.6%	-5.6%

About Average Hourly Earnings (MoM)

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	Australia		Wage Price Index (QoQ)
	Australia		Full-Time Employment
	Canada		Participation Rate
	Canada		Average Hourly Wages (YoY)
	Switzerland		Unemployment Rate s.a (MoM)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Labor Cost
	Eurozone		Unemployment Rate
	Italy		Unemployment
	Japan		Jobs / Applicants Ratio
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		Initial Jobless Claims
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Initial Jobless Claims 4-week average
	United States		Average Hourly Earnings (YoY)

Calendar - Average Hourly Earnings (MoM) - United States

Average Hourly Earnings (MoM)

Most recent - Friday 8 December 2023 13:30

Next event - Friday 5 January 2024 13:30

Trading range

Trading range after each Average Hourly Earnings (MoM) event

Forecast history

Past events

Economic context

About Average Hourly Earnings (MoM)

Related events