YoY Change in Average Hourly Earnings in the US
United States| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-over-year change in average hourly earnings is an indicator that shows how much wages in the United States have changed for workers compared to the same month the previous year. This data is published monthly by the U.S. Bureau of Labor Statistics (BLS) and is crucial for assessing trends in the labor market.
The year-over-year data helps understand how wages are fluctuating over a longer period. An increase in wages indicates a robust labor market and an improvement in workers' purchasing power. Conversely, a decrease in wages suggests potential stagnation in the labor market and a decline in workers' purchasing power.
This data serves as a reference for policymakers to evaluate wage trends and formulate appropriate employment policies. It is also an essential resource for businesses and investors to assess wage trends and forecast economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
