Source: https://mochatrade.com/learn/glossary/average-hourly-earnings

# Average hourly earnings
URL: https://mochatrade.com/learn/glossary/average-hourly-earnings
Last modified: 2026-10-17

Average hourly earnings is the wage growth number in the US jobs report. Wages are the bridge from jobs to prices: fast pay growth keeps [services inflation sticky](https://mochatrade.com/learn/us-market-structure/us-inflation-explained), which keeps [the Fed cautious](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets), so a hot wage figure can sink stocks on [a strong jobs day](https://mochatrade.com/learn/us-market-structure/us-jobs-report-explained).

## Related terms

- Dual mandate: https://mochatrade.com/learn/glossary/dual-mandate
- FRED: https://mochatrade.com/learn/glossary/fred
- JOLTS: https://mochatrade.com/learn/glossary/jolts
- Unemployment rate: https://mochatrade.com/learn/glossary/unemployment-rate
- Russell 2000: https://mochatrade.com/learn/glossary/russell-2000
- Gross margin: https://mochatrade.com/learn/glossary/gross-margin