The Average Hourly Earnings y/y indicator reflects current month changes in the average hourly earnings in most non-agricultural industries compared to the same month of the previous year.
The indicator is used when measuring the US labor market. Index growth may have a positive effect on dollar quotes.
The chart of the entire available history of the "United States Average Hourly Earnings m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.