The Average Hourly Earnings Index is a measure of the average hourly wages paid to non-farm workers in the United States. It is calculated by dividing the total amount of wages paid by the total number of hours worked by non-farm workers.
The Average Hourly Earnings Index is an important indicator of the strength of the labor market and the overall economy, as higher wages can lead to increased consumer spending and economic growth. The index is closely watched by policymakers, economists, and investors as an indication of inflationary pressures in the economy.
The Average Hourly Earnings Index is typically reported by government agencies such as the Bureau of Labor Statistics (BLS) in the United States. The BLS releases monthly reports on employment and wage data, which include information on average hourly earnings. In addition, financial news outlets and research organizations may report on and analyze the Average Hourly Earnings Index and other labor market data.
You can find the Average Hourly Earnings Index on the BLS website, as well as on financial news websites and research organization websites. The BLS typically releases its employment reports on the first Friday of each month at 8:30 a.m. Eastern Time.
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