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 |
|---|---|---|---|
| Jun 5, 2026 | 0.3% | 0.3% | 0.2% |
| May 8, 2026 | 0.2% | 0.3% | 0.2% |
| Apr 3, 2026 | 0.2% | 0.3% | 0.4% |
| Mar 6, 2026 | 0.4% | 0.3% | 0.4% |
| Feb 11, 2026 | 0.4% | 0.3% |
0.1% |
| Jan 9, 2026 | 0.3% | 0.3% | 0.1% |
| Dec 16, 2025 | 0.1% | 0.3% | 0.4% |
| Dec 16, 2025 | 0.4% | 0.2% |
- Details
Specs
Source:
Measures:
Change in the price businesses pay for labor, excluding the farming industry;
Usual Effect:
No consistent effect - there are both inflationary and growth implications;
Frequency:
Released monthly, usually on the first Friday after the month ends;
Event Type:
Inflation