US Average Hourly Earnings m/m
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
This is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010;
- US Average Hourly Earnings m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 7, 2024 | 0.4% | 0.3% | 0.2% |
May 3, 2024 | 0.2% | 0.3% | 0.3% |
Apr 5, 2024 | 0.3% | 0.3% | 0.2% |
Mar 8, 2024 | 0.1% | 0.2% | 0.5% |
Feb 2, 2024 | 0.6% | 0.3% | 0.4% |
Jan 5, 2024 | 0.4% | 0.3% | 0.4% |
Dec 8, 2023 | 0.4% | 0.3% | 0.2% |
Nov 3, 2023 | 0.2% | 0.3% | 0.3% |
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- US Average Hourly Earnings m/m News
US employers probably tempered their hiring while wage growth moderated in June, another favorable development for Jerome Powell and his Federal Reserve colleagues seeking more confirmation that inflation is slowing. Payrolls in the world’s largest economy are projected to have increased by about 190,000, according to a Bloomberg survey of economists ahead of Friday’s report. That’s a step down from the surprisingly robust 272,000 gain in May. The jobless rate probably held at 4%. Average hourly earnings are projected to have climbed ...
The latest data from the Labor Department shows the U.S. added 272,000 jobs in May. The figure was much higher than economists expected, indicating that the market is not slowing down. CBS News senior business and technology correspondent Jo Ling Kent explains what the report means for the Fed's fight against inflation.
Friday’s eye-popping jobs number is likely to energize a debate already dividing Federal Reserve officials over whether their policy setting is slowing the economy as much as they had predicted. Employers added 272,000 new jobs in May, exceeding all estimates in a Bloomberg survey. On top of that, average hourly earnings over the past 12 months ticked up after three straight declines that had begun to reassure the central bank. While the figures likely won’t change expectations that the Fed will continue to hold interest rates at a ...
May’s surprising pace of job growth along with a rise in wages added to conviction that the Federal Reserve will stay on hold through this summer and possibly beyond. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 272,000 for the month, considerably higher than the Wall Street consensus of 190,000 and well above April’s comparatively muted gain of 165,000. In addition, average hourly earnings rose 4.1% over the past 12 months, more than expected. Beyond signaling a still-vibrant labor market, the ...
US May non-farm payrolls came in at 272k versus the 180k consensus and higher than any of the 77 forecasts submitted to Bloomberg – the range was 120-258k. Private payrolls rose 229k versus the 165k consensus expectation. There were 15k of downward revisions to the past 2 months for headline payrolls, but this is still an undeniably strong set of numbers that has seen market interest rate cut expectations reduce significantly. The gains were once again led by the usual suspects of private education & health services (+86k), leisure & ...
Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey ...
Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month, which would be a slight step up from the 175,000 gain in April. Moreover, markets will be taking a close look at wage numbers, as average hourly earnings are expected to show a 0.3% increase, slightly higher on the month, putting the 12-month ...
U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in wait-and-see mode on interest rates but likely encourage bets the central bank will lower borrowing costs at least once this year. The Labor Department's closely watched employment report on Friday is also expected to show the unemployment rate remained below 4% for the 28th straight month. While the labor market has softened in recent months, its still-solid clip has allowed the Fed to take ...
Upcoming release on Jul 5, 2024 |
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Released on Jun 7, 2024 |
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