Average hourly earnings
Average hourly earnings
This indicator is released as an absolute value and as a relative index between values of previous and current reporting periods. It is one of the inflation indicators connected with the growth of labor force costs.
As a factor this indicator is able to considerably influence the Forex market. In cases where the rise of the base interest rate is expected, an increase in the value of this index could be influential in increasing the value of the US dollar. Usually the results for this index are released together with Non-Farm payrolls.
