US Average Hourly Earnings m/m
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
This is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010;
- US Average Hourly Earnings m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Feb 7, 2025 | 0.5% | 0.3% | 0.3% |
Jan 10, 2025 | 0.3% | 0.3% | 0.4% |
Dec 6, 2024 | 0.4% | 0.3% | 0.4% |
Nov 1, 2024 | 0.4% | 0.3% | 0.3% |
Oct 4, 2024 | 0.4% | 0.3% | 0.5% |
Sep 6, 2024 | 0.4% | 0.3% | 0.2% |
Aug 2, 2024 | 0.2% | 0.3% | 0.3% |
Jul 5, 2024 | 0.3% | 0.3% | 0.4% |
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- US Average Hourly Earnings m/m News
- From think.ing.com|Feb 7, 2025
There is a lot to unpack in today’s US jobs report. January non-farm payrolls came in at 143k, below the 175k consensus, but there were 100k of upward revisions to the past two months and the unemployment rate came in at 4% versus 4.1% previously and expected. Average hourly earning rose 0.5% month-on-month, but the average working week dropped to 34.1 hours – matching the lows of the pandemic period. That in itself looks a pretty solid report and would justify the Federal Reserve holding rates steady for now. We also get a whole ...
- From bls.gov|Feb 7, 2025|17 comments
Total nonfarm payroll employment rose by 143,000 in January, and the unemployment rate edged down to 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas extraction industry. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm ...
- From finance.yahoo.com|Feb 7, 2025
The January jobs report is expected to show hiring slowed to start 2025 while the unemployment rate was flat. The Bureau of Labor Statistics' monthly jobs report is slated for release at 8:30 a.m. ET on Friday. Economists expect non-farm payrolls to have risen by 170,000 in January, while the unemployment rate held steady at 4.1%, according to consensus estimates compiled by Bloomberg. In December, the US economy added 256,000 jobs, far above economists' expectations. Meanwhile, the unemployment rate decreased to 4.1% from 4.2% the ...
- From finance.yahoo.com|Feb 7, 2025
U.S. job growth likely slowed in January, partly restrained by wild fires in California and cold weather across much of the country, though not enough for the Federal Reserve to resume interest rate cuts before the end of the first half. The Labor Department's closely watched employment report on Friday will be distorted by annual benchmark revisions, new population weights as well as updates to the seasonal adjustment factors, the model the government uses to strip out seasonal fluctuations from the data.Nonetheless, economists ...
- From cnbc.com|Feb 6, 2025|10 comments
The U.S. labor market likely began 2025 in solid fashion, in a bit of a step down from where it closed the previous year. When the Bureau of Labor Statistics releases its nonfarm payrolls count for January, it is projected to show growth of 169,000, down from 256,000 in December, but nearly in line with the past three-month average. The unemployment rate is projected to stay at 4.1%, according to the Dow Jones consensus for the report, which will be out Friday at 8:30 a.m. ET. While the takeaway could be that job creation is slowing, ...
- From think.ing.com|Jan 10, 2025|3 comments
The US jobs report shows payrolls rose 256k in December versus the 165k consensus figure. Revisions to the past two months were -8k. The unemployment rate has fallen to 4.1% from 4.2% – the consensus was for it to hold at 4.2% with the risk skewed towards a 4.3% outcome. Wage growth was 0.3% month-on-month with the year-on-year rate slowing to 3.9% from 4%. All of this provides clear backing for a no change interest rate decision from the Federal Reserve later this month. There are two payrolls reports ahead of the March Federal ...
- From @MaceNewsMacro|Jan 10, 2025|1 comment
post: CHI FED'S GOOLSBEE Q&A/CNBC: NEVER GOING TO COMPLAIN ABOUT A STRONG JOBS RPT; 'QUITE A STRONG CHRISTMAS SEASON; SOME QUESTIONS RE DATA REMAIN #Goolsbee #FederalReserve #economy post: FED'S GOOLSBEE: THE JOBS REPORT IS NOT A SIGN OF OVERHEATING. post: FED'S GOOLSBEE: CURRENT WAGE GROWTH IS CONSISTENT WITH 2% INFLATION GIVEN PRODUCTIVITY. post: CHI FED'S GOOLSBEE Q&A/CNBC: LOOKS LIKE JOBS MKT HAS 'STABILIZED AT FULL EMPLOYMENT;' IF GROWTH STRONGER TO SLOW FED MOVES; STILL UNCERTAINTY #Goolsbee #FederalReserve #economy post:
FED'S GOOLSBEE: IF CONDITIONS ARE STABLE AND THERE IS NO UPTICK IN INFLATION, WITH FULL EMPLOYMENT, RATES SHOULD GO DOWN.
- From bls.gov|Jan 10, 2025|44 comments
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following a job loss in November. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm ...
Released on Feb 7, 2025 |
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Released on Jan 10, 2025 |
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