U.S. October hourly wages rose 0.4% month-over-month, exceeding market expectations
Original headline전월 대비 0.4% 오른 미국 10월 시간당 임금, 시장 예상 상회
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US average hourly earnings rose 0.4% month-over-month in October to $38.00, topping the 0.3% consensus, while the year-over-year gain of 3.1% also exceeded the 2.9% forecast, according to Bureau of Labor Statistics data released November 6. The 14-cent monthly increase signals firmer wage pressure than markets had anticipated. The stronger-than-expected pay figures matter because they feed directly into inflation and Federal Reserve rate expectations. Investors will now watch whether the wage acceleration is echoed in other labor data and how it shapes the Fed's policy path.
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Named in this story
US Bureau of Labor Statistics, Fifth Third Bank