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Average Hourly Earnings by Country
Latest released Average Hourly Earnings value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/average_hourly_earnings. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
United States
USD · US Dollar
|
3.4
|
3.6
|
▼ -0.2 | Monthly | %YoY | BLS |
What is Average Hourly Earnings?
Average Hourly Earnings (AHE) is the headline US wage measure published as part of the monthly Employment Situation report (NFP). It captures private-sector hourly pay and is reported month-over-month and year-over-year.
Why it matters for FX
AHE is the wage number that moves USD on NFP day. A hot AHE print, particularly when the unemployment rate is low, signals wage-price spiral risk to the Fed and pulls forward hike expectations. Soft AHE alongside a soft headline gives the Fed room to ease and weighs on the dollar.
How to read this page
Watch month-over-month for the FX reaction; year-over-year for the trend. Composition can swing AHE — a wave of low-wage hiring mechanically lowers the average. The Atlanta Fed wage tracker (median pay of continuous workers) corrects for this and is the cleaner trend signal.
What to watch for
- Month-over-month surprise vs consensus on NFP day
- Composition effects from low-wage sector hiring
- Atlanta Fed wage tracker as a cleaner trend signal
- Average weekly hours moving in the opposite direction
- Real AHE turning positive once CPI cools
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What is this page about? This page explains Average Hourly Earnings with directly usable context for trading, research, and API workflows.
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