New data Average Hourly Earnings MoM (Jul)

8/2/2024

actual 0.2, previous 0.3

The event is the release of the "Average Hourly Earnings MoM (Month-over-Month)" data for July in the United States. This economic indicator measures the change in the average amount of money that workers earn per hour from the previous month.

The actual value reported is an increase of 0.2%, which is lower than the previous month's value of 0.3%. The market expectation, or estimate, was a 0.3% increase, so the actual result fell short of expectations. This indicates a decrease in the rate of growth in average hourly earnings compared to the previous month.

Given the medium impact level of this event, it could potentially influence market sentiment and trading activity related to the US dollar. Traders and investors may interpret this data point as a reflection of the health of the labor market and overall economy, which could impact their decisions in the financial markets.

This is not investment advice. Remember to verify the information provided here.