This indicator is represented in a market in two types: specific and index. The specific type is based on the official statistics and shows the integral earnings in the certain country. The average hourly earnings index is drawn up somewhat different and is based taking into account figures that were attained in the previous period. This indicator is calculated annually and summarizes the results of each quarter and month. In that regard, average earnings and average hourly earnings are very important for a trader.
Publication of these data is fixed and is issued at the beginning of each month. Usually it is issued on the first Friday of the month that follows the reporting month.
Why is it so important to follow the earnings’ rate in a country? The answer is simple: because it is the first leading indicator that can show the outlining inflation rise that is driven by the growth of payment for labor in this country.