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What is Average Hourly Earnings m/m and the effect

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Posted by : Nifm
4 September, 2015, 1:33 PM
Fundamental analyst use Average Hourly Earnings m/m as a leading indicator to know about the Economic health. It's an indicator of consumer inflation of the country - when businesses pay more for labour the higher costs are usually passed on to the consumer. The Average Hourly Earnings report is released by Bureau of labour Statistics. The Bureau of labour Statistics of the U.S. Department of labour is the principal Federal agency responsible for the measuring labour market activity, working conditions and price changes in the economy. The mission is to collect, analyze and disseminate essential economic information to support public and private decision-making.   If the Actual data is greater than the Forecast which BLS expecting, it is a good sign for the currency. A strong or bullish currency will tend to increase vs. other currencies while a weak or bearish currency will tend to decline against other currencies.   It released monthly basis, usually on the first Friday after the month end.   Importance of the Average Hourly Earnings m/m: It is a high impact data. Which will affect the USD currency, as we all know the US dollar is the main currency in the world so it will impact accordingly. All indices, stocks, commodities and currency will be affect. Whenever it will come it will effect in all segments.

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