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 2 February 2024 13:30

Previous
4.4%
Revised
4.4%
Forecast
4.1%
Actual
4.5%

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

Next event - Friday 8 March 2024 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 4.5% against a forecast of 4.1%.

Past events

Date
Forecast
Actual
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%
Friday 3 December 2021 13:30
5%
4.8%
Friday 5 November 2021 12:30
4.8%
4.9%
Friday 8 October 2021 12:30
4.6%
4.6%
Friday 3 September 2021 12:30
4%
4.3%
Friday 6 August 2021 12:30
3.8%
4%
Friday 2 July 2021 12:30
3.7%
3.6%
Friday 4 June 2021 12:30
-0.4%
2%
Friday 7 May 2021 12:30
-0.4%
0.3%
Friday 2 April 2021 12:30
4.5%
4.2%
Friday 5 March 2021 13:30
5.3%
5.3%

Economic context

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

PreviousLatest
UoM 5-year Consumer Inflation Expectation(no change)2.9%2.9%
Michigan Consumer Sentiment IndexBearish change79.676.9
ISM Manufacturing Employment IndexBearish change47.145.9
ISM Manufacturing PMIBearish change49.147.8
ISM Manufacturing New Orders IndexBearish change52.549.2
ISM Manufacturing Prices PaidBearish change52.952.5
Pending Home Sales (MoM)Bearish change5.7%-4.9%
Chicago Purchasing Managers' IndexBearish change4644
Personal SpendingBearish change0.7%0.2%
Personal Income (MoM)Bullish change0.3%1%
Initial Jobless ClaimsBearish change202K215K
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.3%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.4%
Gross Domestic Product Price IndexBullish change1.5%1.7%
Gross Domestic Product AnnualizedBearish change3.3%3.2%
Core Personal Consumption Expenditures (QoQ)Bullish change2%2.1%
Personal Consumption Expenditures Prices (QoQ)Bullish change1.7%1.8%
Housing Price Index (MoM)Bearish change0.4%0.1%
Durable Goods Orders ex TransportationBearish change-0.1%-0.3%
Durable Goods Orders ex DefenseBearish change0.1%-7.3%
Nondefense Capital Goods Orders ex AircraftBullish change-0.6%0.1%
Durable Goods OrdersBearish change-0.3%-6.1%
New Home Sales Change (MoM)Bearish change7.2%1.5%
Existing Home Sales Change (MoM)Bullish change-0.8%3.1%
S&P Global Services PMIBearish change52.551.3
S&P Global Composite PMIBearish change5251.4
S&P Global Manufacturing PMIBullish change50.751.5
Initial Jobless ClaimsBullish change213K201K

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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