New data Average Hourly Earnings YoY
8/2/2024
actual 3.6, previous 3.9
On August 2, 2024, at 12:30 (GMT), the economic event "Average Hourly Earnings YoY" for the United States was released. The actual value reported was 3.6%, which was a decrease of 0.3% from the previous value.This event is considered to have a medium impact on the market. It measures the year-over-year percentage change in the average hourly earnings of American workers, providing insights into wage growth trends.
The market had anticipated a slightly higher value, with an estimate of 3.7%. The actual figure of 3.6% was lower than both the estimate and the previous value of 3.9%, indicating a slight slowdown in the growth rate of average hourly earnings compared to the previous period.
Overall, this event suggests a moderation in wage growth in the US economy, which can have implications for consumer spending, inflation, and overall economic performance.
This is not investment advice. Remember to verify the information provided here.
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