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Indicator Digest
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Wages
Following the changes in workers wages is an important factor to overall inflation. As salaries increase, consumers spend more, and thereby exert upward pressure on retail prices. Higher wages also improve consumer sentiment and bolster overall economic growth.

Main Indicator: Average Hourly Earnings

Most Recent Release

July
2nd, 2009
Actual Forecast Previous Revised Form
0.0% 0.2% 0.2% 0.1%
For June
Provided by: Bureau of Labor Statistics

Earnings y/y: 2.7%, pr. 3.1% (May), 3.2% (Apr), 3.4% (Mar),
3.6% (Feb), 3.9% (Jan), 3.7% (Dec), 3.7% (Nov), 3.5% (Oct),
3.4% (Sep), 3.6% (Aug), 3.4% (Jul)

Table of Past Data

10/311/712/51/92/63/64/35/86/57/2
Actual0.3%0.2%0.4%0.3%0.3%0.2%0.2%0.1%0.1%0.0%
Forecast0.3%0.2%0.2%0.2%0.3%0.3%0.2%0.2%0.2%0.2%
Previous0.4%0.2%0.3%0.4%0.4%0.2%0.2%0.2%0.1%0.2%
Revised FromN/AN/A0.2%N/A0.3%0.3%N/AN/AN/A0.1%

Past Releases

June
5th, 2009
Actual Forecast Previous Revised Form
0.1% 0.2% 0.1% N/A
For May
Provided by: Bureau of Labor Statistics

Earnings y/y: pr. 3.2% (Apr), 3.4% (Mar), 3.6% (Feb), 3.9% (Jan),
3.7% (Dec), 3.7% (Nov), 3.5% (Oct), 3.4% (Sep), 3.6% (Aug), 3.4% (Jul)

May
8th, 2009
Actual Forecast Previous Revised Form
0.1% 0.2% 0.2% N/A
For April
Provided by: Bureau of Labor Statistics

Earnings y/y: 3.2%, pr. 3.4% (Mar), 3.6% (Feb), 3.9% (Jan), 3.7% (Dec),
3.7% (Nov), 3.5% (Oct), 3.4% (Sep), 3.6% (Aug), 3.4% (Jul), 3.4% (June)

April
3rd, 2009
Actual Forecast Previous Revised Form
0.2% 0.2% 0.2% N/A
For March
Provided by: Bureau of Labor Statistics

Earnings y/y: 3.4%, pr. 3.6% (Feb), 3.9% (Jan), 3.7% (Dec), 3.7% (Nov),
3.5% (Oct), 3.4% (Sep), 3.6% (Aug), 3.4% (Jul), 3.4% (June)

March
6th, 2009
Actual Forecast Previous Revised Form
0.2% 0.3% 0.2% 0.3%
For February
Provided by: Bureau of Labor Statistics

Earnings y/y: pr. 3.9% (Jan), 3.7% (Dec), 3.7% (Nov), 3.5% (Oct),
3.4% (Sep), 3.6% (Aug), 3.4% (Jul), 3.4% (June)

February
6th, 2009
Actual Forecast Previous Revised Form
0.3% 0.3% 0.4% 0.3%
For January
Provided by: Bureau of Labor Statistics

Earnings y/y: 3.9%, pr. 3.7% (Dec), 3.7% (Nov), 3.5% (Oct), 3.4% (Sep),
3.6% (Aug), 3.4% (Jul), 3.4% (June)

January
9th, 2009
Actual Forecast Previous Revised Form
0.3% 0.2% 0.4% N/A
For December
Provided by: Bureau of Labor Statistics

Earnings y/y: 3.7%, pr. 3.7% (Nov), 3.5% (Oct), 3.4% (Sep), 3.6% (Aug),
3.4% (Jul), 3.4% (June)

December
5th, 2008
Actual Forecast Previous Revised Form
0.4% 0.2% 0.3% 0.2%
For November
Provided by: Bureau of Labor Statistics

Earnings y/y: pr. 3.5% (Oct), 3.4% (Sep), 3.6% (Aug),
3.4% (Jul), 3.4% (June)

November
7th, 2008
Actual Forecast Previous Revised Form
0.2% 0.2% 0.2% N/A
For October
Provided by: Bureau of Labor Statistics

Earnings y/y: -3.6%, forecast -1.7%, pr. 3.4% (Sep), 3.6% (Aug),
3.4% (Jul), 3.4% (June)


October
3rd, 2008
Actual Forecast Previous Revised Form
0.3% 0.3% 0.4% N/A

For September
Provided by: Bureau of Labor Statistics

Earnings y/y: forecast 3.6%, pr. 3.6% (Aug), 3.4% (Jul), 3.4% (June)


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