In April, the #AverageHourlyEarnings MoM increased by 0.2%, slightly below the consensus of 0.3% nd lower than the previous month's figure o 0.3%. The YoY Average Hourly Earnings for April stood at 3.9%, slightly below the consensus of 4.0% and lower than the previous 4.1%. #US
On the #AverageHourlyEarnings side, we also saw better-than-expected #data on a monthly and annual basis. #ParticipationRate data, which is a supply of labor indicator, showed a very slight pullback.