| Economic Event | Average Hourly Earnings |
| Units | Percentage Change from Previous Period |
| Current Period | Jan 2011 |
| Release Date | Feb. 04. 11 |
| Reported | 0.4 |
| Consensus for Current Period | 0.2 |
| Number of Forecasts | 9 |
| Economic Surprise | 0.2 ( 100.00 % ) |
| Prior Period | Dec 2010 |
| Reported Value for Prior Period | 0.1 |
| Revised From | |
| Next Release Date | Mar. 04. 11 |
| 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. |