Average hourly earnings rise 0.4% monthly and 3.1% annually, above expectations
Average hourly earnings rose 0.4% month over month, compared with an expected 0.3%, and 3.1% year over year, against an expected 2.9%. The previous monthly reading was revised from 0.1% to 0.3%, while the previous annual reading was revised from 3.0% to 3.2%.