Economic Event | Average Hourly Earnings |
Units | Percentage Change from Previous Period |
Current Period | Nov 2009 |
Release Date | Dec. 04. 09 |
Reported | 0.1 |
Consensus for Current Period | 0.2 |
Number of Forecasts | 36 |
Economic Surprise | -0.1 ( -50.00 % ) |
Prior Period | Oct 2009 |
Reported Value for Prior Period | 0.3 |
Revised From | |
Next Release Date | Jan. 08. 10 |
Next Release Time | 8:30 AM Eastern Time |
Source | http://stats.bls.gov/news.release/pdf/empsit.pdf |
Note | |
Description | Average hourly earnings is an important indicator of labor cost inflation and of the tightness of labor markets - something the Federal Reserve pays close attention to when setting interest rates. Has a strong ability to affect markets as it is an early signal of wage inflation. |