Track US Average Hourly Earnings m/m as a key gauge of labor-driven inflation pressures in consumer prices.
This serves as a key indicator of consumer inflation, as increased labor costs for businesses are often passed along to consumers. Note that the method for calculating this data series was revised in February 2010.
What it Measures
Represents the change in labor costs borne by businesses, excluding those in the agriculture sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it positively impacts the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • Data is released monthly, typically on the first Friday following the end of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
N/A