To begin with, the Average Hourly Earnings in the United States serve as a crucial indicator of the nation’s economic progress and the condition of the labor market. When there is a rise in the average hourly earnings, it typically signifies a strengthening economy and the potential for increased consumer spending. Consequently, this could have a positive impact on the cryptocurrency markets, as greater consumer spending often stimulates demand for investments. Now, let’s take a look at the recently released statistics for the US Average Hourly Earnings:
Expected: 0.3%
Announced: 0.2%