New data Employment Cost - Wages QoQ (Q3)

10/31/2024

actual 0.8, previous 0.9

The Employment Cost - Wages QoQ (Q3) event for the US is scheduled to be released on October 31, 2024, at 12:30 (GMT). This economic indicator measures the quarterly change in the cost of wages and salaries for employees in the United States.

The actual value for this event is 0.8%, which is higher than the previous value of 0.9%. However, it is slightly lower than the market consensus estimate of 0.7%. The change from the previous value is -0.1%, representing a decrease of 11.11%.

This event is considered to have a medium impact on the market, as it provides insights into the trends in labor costs, which can have implications for inflation and overall economic health. A higher-than-expected increase in employment costs could potentially lead to inflationary pressures, while a lower-than-expected increase may indicate subdued wage growth.

Traders and investors will closely monitor this event to gauge the health of the labor market and its potential impact on the US economy and monetary policy.

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