Average Hourly Earnings. It represents an average level of changes in hourly wages. The indicator is expressed in terms of absolute value and as an index relative to the previous period or in the form of the average hourly or weekly wage. It is an indicator of potential inflation but also an indicator of future consumer spending.

It has a significant impact on the market. When there are expectations of increase in interest rates its value can lead to USD growth. The growth of wages fastening productivity would give a signal of dangers of price increases and that would be confirmation of readiness of the FED to raise interest rates.

Significance: Low

Publication: 8:30 (EST), the first Friday of the month.

Source: Bureau of Labor Statistics, Department of Labor (US)

Web: www.bea.gov

Web site of Publication: www.bls.gov/news.release/empsit.toc.htm