| Source |
Office for National Statistics (latest release) |
|
| Measures |
Change in the price businesses and the government pay for labor, including bonuses; |
|
| Usual Effect |
Actual > Forecast = Good for currency; |
|
| Frequency |
Released monthly, about 45 days after the month ends; |
|
| Next Release |
Aug 15, 2012 |
|
| SLBFX Notes |
Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010; |
|
| Why Traders Care |
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; |
|
| Also Called |
Average Earnings Including Bonuses; |
|
| |