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Average Hourly Earnings YoY

Name: Average Hourly Earnings YoY
Creator: TipRanks

The 'Average Hourly Earnings YoY' in the USA measures the year-over-year percentage change in the average hourly earnings of workers, reflecting wage inflation and consumer purchasing power. It is a critical indicator of labor market conditions and inflationary pressures, influencing Federal Reserve monetary policy decisions. A higher-than-expected increase can signal rising inflation, potentially leading to interest rate hikes, while a lower increase might indicate weaker economic conditions, impacting financial markets and investor sentiment.