Fiper | Average Hourly Earnings

Average hourly wages (monthly)

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 US private nonfarm payrolls increased by 9 cents, or 0.3%, to $32.82 in December of 2022, after a downwardly revised 0.4% increase in the previous month and below market expectations for a 0.4% increase. This was the smallest growth in average hourly earnings in four months. In December, average hourly earnings from private production and non-supervisory employees rose 6 cents, or 0.2%, to $28.07. Over the past 12 months, average hourly earnings have increased by 4.6%, the lowest level since August of 2021 and below market estimates pointing to a 5% advance.

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