Average Hourly Earnings m/m

MeasuresChange in the price businesses pay for labor, excluding the farming industry;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, usually on the first Friday after the month ends;
Next Release
FF NotesThis is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010;
Why Traders
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;