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
-
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 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%
Friday 3 December 2021 13:30
0.4%
0.3%

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
Fed Interest Rate DecisionBearish change5%4.75%
Initial Jobless ClaimsBearish change218K221K
Nonfarm ProductivityBullish change2.1%2.2%
Unit Labor CostsBearish change2.4%1.9%
ISM Services Employment IndexBullish change48.153
ISM Services New Orders IndexBearish change59.457.4
ISM Services PMIBullish change54.956
ISM Services Prices PaidBearish change59.458.1
S&P Global Composite PMIBearish change54.354.1
Factory Orders (MoM)Bullish change-0.8%-0.5%
ISM Manufacturing Employment IndexBullish change43.944.4
ISM Manufacturing New Orders IndexBullish change46.147.1
ISM Manufacturing PMIBearish change47.246.5
ISM Manufacturing Prices PaidBullish change48.354.8
Average Hourly Earnings (YoY)Bullish change3.9%4%
Labor Force Participation RateBearish change62.7%62.6%
Nonfarm PayrollsBearish change223K12K
U6 Underemployment Rate(no change)7.7%7.7%
Unemployment Rate(no change)4.1%4.1%
Chicago Purchasing Managers' IndexBearish change46.641.6
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.7%2.7%
Employment Cost IndexBearish change0.9%0.8%
Initial Jobless ClaimsBullish change228K216K
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.2%2.1%
Personal Income (MoM)Bullish change0.2%0.3%
Personal SpendingBullish change0.3%0.5%
Challenger Job CutsBearish change72.821K55.597K
Pending Home Sales (MoM)Bullish change0.6%7.4%
Core Personal Consumption Expenditures (QoQ)Bearish change2.8%2.2%
Gross Domestic Product AnnualizedBearish change3%2.8%
Gross Domestic Product Price IndexBearish change2.5%1.8%
Personal Consumption Expenditures Prices (QoQ)Bearish change2.5%1.5%
ADP Employment ChangeBullish change159K233K
JOLTS Job OpeningsBearish change7.861M7.443M
Housing Price Index (MoM)Bullish change0.2%0.3%
Michigan Consumer Sentiment IndexBullish change68.970.5
UoM 5-year Consumer Inflation Expectation(no change)3%3%
Durable Goods Orders(no change)-0.8%-0.8%
Durable Goods Orders ex DefenseBullish change-1.3%-1.1%
Durable Goods Orders ex TransportationBearish change0.6%0.4%
Nondefense Capital Goods Orders ex AircraftBullish change0.3%0.5%

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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