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Average Hourly Earnings (USD)

Measures the change in the price businesses pay for labor.

Latest reading: 2.6 USD per Hour · Last updated: · Source: FRED (BLS)

Category: Labor Market

API Endpoint

/api/v1/announcements/usd/average_hourly_earnings

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Average Hourly Earnings across all supported currencies →

Optional Indicator Availability (USD)

Optional indicators use per-currency fetcher capability checks and may be temporarily hidden while source coverage is being remediated.

foreign_reserves
Available
cb_assets
Available
inflation_mom
Available

About Average Hourly Earnings (USD)

Average hourly earnings for United States measures the mean hourly wage for all non-farm employees, published monthly alongside the payrolls report. It is the most direct monthly gauge of wage inflation.

Why FX traders watch it

Wage growth feeds directly into services inflation, the most persistent component of the consumer price basket. Above-target wage growth keeps the Federal Reserve hawkish and supports the usd; decelerating wages signal the last mile toward 2% inflation.

How to interpret the data

Year-on-year growth above 4% is typically seen as inconsistent with 2% inflation in the US context and is hawkish. A deceleration toward 3% or below is disinflationary and raises rate-cut expectations, weighing on the usd.

Historical Average Hourly Earnings (USD)

Source: FRED (BLS)  ·  Monthly  ·  USD per Hour

Data provided by FXMacroData via the /api/v1/announcements/usd/average_hourly_earnings endpoint. For access, see pricing.

Data Source

Primary Source

FRED (BLS)

Official Series ID

CES0500000003

Data Format and Properties

Data Frequency

Monthly

Unit of Measure

USD per Hour

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "USD",
    "indicator": "average_hourly_earnings",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Average Hourly Earnings data for USD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/usd/average_hourly_earnings?start_date=2023-01-01&end_date=2023-12-31

Frequently Asked Questions

How often is United States Average Hourly Earnings updated?
Average Hourly Earnings for United States is released on a monthly schedule by Federal Reserve (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Average Hourly Earnings reported in?
The series is published in USD per Hour. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source United States Average Hourly Earnings data?
Data is fetched directly from Federal Reserve or the official national statistics publication for United States. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Average Hourly Earnings for United States via the API?
Issue a GET request to /api/v1/announcements/usd/average_hourly_earnings?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.