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 10 cents, or 0.3%, to $33.03 in January of 2023, after an upwardly revised 0.4% increase in the previous month, in line with market expectations. This was the smallest growth in average hourly earnings in four months. In January, average hourly earnings from private production and non-supervisory employees rose 7 cents, or 0.2%, to $28.26. Over the past 12 months, average hourly earnings rose 4.4% in January, the lowest level since August 2021 and slightly above market estimates of 4.3%.

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 exactly half past four in the evening, Mecca Al-Mukarramah time