Average Hourly Earnings m/m

It determines the rate of inflation for wages paid to non-farm employees. Wage inflation is a standard indicator of consumer inflation, because when firms pay more for their human resources, they are likely to pass on these higher costs to consumers.
Average hourly earnings for all employees in private non-farm payrolls in the United States rose 12 cents, or 0.4 percent, to $32.58 in October of 2022, after rising 0.3 percent in September and above market expectations of 0.3 percent. In October, average hourly earnings for private sector production and non-supervisory employees rose 9 cents, or 0.3 percent, to $27.86. Over the past 12 months, average hourly earnings increased by an expected 4.7%, the lowest in more than 14 months, after rising 5% in the previous month.

Outlook for today's statement and how it will affect the currency

The estimate for today's statement is 0.3%. If the statement is issued higher than expectations, the effect will be positive on the currency and vice versa

The timing of the statement

The statement will be issued at four thirty in the evening, Mecca Al-Mukarramah time