Indicator Digest - CMS Forex

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

October
3rd, 2008

Actual

Forecast

Revised Form

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)

Next Release Date: November 07th 2008, 8:30 EST

Table of Past Data

	1/4	2/1	3/7	4/4	5/2	6/6	7/3	8/1	9/5	10/3

Actual	0.4%	0.2%	0.3%	0.3%	0.1%	0.3%	0.3%	0.3%	0.4%	0.3%
Forecast	0.3%	0.3%	0.3%	0.3%	0.3%	0.2%	0.3%	0.3%	0.3%	0.3%
Previous	0.4%	0.4%	0.2%	0.3%	0.3%	0.1%	0.3%	0.3%	0.3%	0.4%
Revised From	0.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Past Releases

September
5th, 2008

Actual

Forecast

Revised Form

0.4%

0.3%

N/A

For August
Provided by: Bureau of Labor Statistics

Earnings y/y: 3.6%, forecast 3.4%, 3.4% (Jul), 3.4% (June), 3.5% (May)

From the Release: "In August, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls rose by 7 cents, or 0.4 percent, to $18.14, season- ally adjusted. This followed gains of 5 cents in June and 7 cents in July. Average weekly earnings rose by 0.4 percent in August to $611.32. Over the past 12 months, average hourly earnings increased by 3.6 percent and average weekly earnings rose by 3.3 percent."

August
1st, 2008

Actual

Forecast

Revised Form

0.3%

N/A

For July
Provided by: Bureau of Labor Statistics

Average Hourly Earnings y/y: pr. 3.4% (June), 3.5% (May), 3.4% (Apr)

July
3rd, 2008

Actual

Forecast

Revised Form

0.3%

N/A

For June
Provided by: Bureau of Labor Statistics

Average Hourly Earnings y/y: pr. 3.5% (May), 3.4% (Apr)

June
6th, 2008

Actual

Forecast

Revised Form

0.3%

0.2%

0.1%

N/A

For May
Provided by: Bureau of Labor Statistics

Average Hourly Earnings y/y: 3.5% forecast 3.4%, pr. 3.4%

May
2nd, 2008

Actual

Forecast

Revised Form

0.1%

0.3%

N/A

For April
Provided by: Bureau of Labor Statistics

April
4th, 2008

Actual

Forecast

Revised Form

0.3%

N/A

For March

March
7th, 2008

Actual

Forecast

Revised Form

0.3%

0.2%

N/A

For February

"In February, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls rose by 5 cents, or 0.3 percent, to $17.80, seasonally adjusted. This followed gains of 6 cents in December and 5 cents in January. Average weekly earnings rose by 0.3 percent in February to $599.86. Over the past 12 months, both average hourly earnings and weekly earnings rose by 3.7 percent."

February
1st, 2008

Actual

Forecast

Revised Form

0.2%

0.3%

0.4%

N/A

For January

January
4th, 2008

Actual

Forecast

Revised Form

0.4%

0.3%

0.4%

0.5%

For December.
Summary from the Department of Labor

Average hourly earnings increased 0.4% or 7 cents, though November's data was revised down from 0.5% to 0.4%. For the year average hourly earnings rose by 3.7%.