| Source | |
| Measures | Change in the price businesses and the government pay for labor, including bonuses; |
| Usual Effect | 'Actual' greater than 'Forecast' is good for currency; |
| Frequency | Released monthly, about 45 days after the month ends; |
| Next Release | |
| FF Notes | Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010; |
Why Traders
Care | It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; |
| Also Called | Average Earnings Including Bonuses; |
