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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Average Earnings excl. Bonus climbed to 5.9% in January 2025
FMPMonthlyReleased February 2025
US Average Earnings excl. Bonus climbed to 5.9% in January 2025, released February 2025, up 0.3% from December's 5.6% reading. The reading matched the 5.9% consensus.
Latest Release
5.900000
Actual
5.900000
Consensus
5.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Average Earnings excl. Bonus (United States) was reported at 5.9% in January 2025. This matched the market consensus of 5.9% exactly. The reading rose from the previous value of 5.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
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Average Earnings excl. Bonus - US
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About Average Earnings excl. Bonus — United States
DEFINITION
Average Earnings excl. Bonus is a financial indicator that measures the average income earned by employees, excluding any additional bonuses or incentives. It provides insight into the base salary and regular compensation received by workers, giving a more accurate representation of their overall earnings. This indicator is often used by businesses and investors to assess the financial health of a company and its ability to attract and retain talented employees.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.