diff --git a/predicthq/endpoints/v1/events/schemas.py b/predicthq/endpoints/v1/events/schemas.py
index 7c627fe..0d4b5b4 100644
--- a/predicthq/endpoints/v1/events/schemas.py
+++ b/predicthq/endpoints/v1/events/schemas.py
@@ -60,6 +60,11 @@ class ImpactPattern(BaseModel):
     impacts: List[ImpactPatternImpacts]
 
 
+class PHQLabels(BaseModel):
+    label: str
+    weight: float
+
+
 class Event(BaseModel):
     cancelled: Optional[datetime] = None
     category: str
@@ -76,6 +81,7 @@ class Event(BaseModel):
     labels: List[str]
     location: Optional[Tuple[float, float]] = None
     parent_event: Optional[ParentEvent] = None
+    phq_labels: Optional[List[PHQLabels]] = None
     place_hierarchies: Optional[List[List[str]]] = None
     postponed: Optional[datetime] = None
     relevance: Optional[float] = None
diff --git a/predicthq/version.py b/predicthq/version.py
index f5f41e5..1173108 100644
--- a/predicthq/version.py
+++ b/predicthq/version.py
@@ -1 +1 @@
-__version__ = "3.1.0"
+__version__ = "3.2.0"
diff --git a/tests/endpoints/test_schemas.py b/tests/endpoints/test_schemas.py
index 5270d1b..9564994 100644
--- a/tests/endpoints/test_schemas.py
+++ b/tests/endpoints/test_schemas.py
@@ -5,7 +5,7 @@
 
 from predicthq.endpoints import decorators, schemas
 from predicthq.endpoints.oauth2.schemas import AccessToken
-from predicthq.endpoints.v1.events.schemas import Event
+from predicthq.endpoints.v1.events.schemas import PHQLabels
 from predicthq.endpoints.v1.places.schemas import Place
 from predicthq.endpoints.base import BaseEndpoint
 
@@ -33,6 +33,23 @@ def test_place_schema():
     assert Place(id="some_id", type="some_type", name="some_name", location=[32.123, -84.123]).location == (32.123, -84.123)
 
 
+@pytest.mark.parametrize("phq_labels,raise_validation_error", [({"label": 34, "weight": "holiday"}, True),  # wrong type
+                                                               ({"label": "holiday", "weight": "holiday"}, True),  # wrong type
+                                                               ({"label": 34, "weight": 6}, True),  # wrong type
+                                                               ({"weight": 2.0}, True),  # missing label
+                                                               ({"label": "holiday"}, True),  # missing weight
+                                                               ({"label": "some_string", "weight": 2.0}, False),  # correct
+                                                               ({"label": "another_string", "weight": 7}, False)])  # correct
+def test_phq_label_schema(phq_labels, raise_validation_error):
+    if raise_validation_error:
+        with pytest.raises(ValidationError) as e:
+            label = PHQLabels.parse_obj(phq_labels)
+    else:
+        label = PHQLabels.parse_obj(phq_labels)
+        assert label.label == phq_labels["label"]
+        assert label.weight == phq_labels["weight"]
+
+
 def test_resultset():
     class ResultExample(BaseModel):
         value: int