About متوسط الأجور بالساعة (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.