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United States Average Hourly Earnings
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.
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Why Average Hourly Earnings matters for USD
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 this series
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
Source: BLS. Cadence: Monthly. Unit: %YoY. History from 2007-03-31 (19.2 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related United States indicators
Move to adjacent releases in the same macro category.
Average Weekly Earnings / Wages
Measures nominal wage growth.
Employment Level
Total number of employed persons.
Full-Time Employment
Number of persons employed full-time.
Initial Jobless Claims
Weekly initial unemployment insurance claims.
Job Openings
Total number of unfilled job positions, a key indicator of labor market demand and tightness.
Labor Force Participation Rate
Ratio of the labor force to the working-age population.
NAIRU (Natural Rate of Unemployment)
Non-Accelerating Inflation Rate of Unemployment — the estimated unemployment rate consistent with stable inflation, published by the Congressional Budget Office.
Non-Farm Payrolls (NFP)
Number of workers in the U.S. excluding farm workers.
Part-Time Employment
Number of persons employed part-time.
Unemployment Rate
Percentage of the labor force that is unemployed.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
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 %YoY. 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.