Average Hourly Earnings in the United States increased 0.40 percent in July of 2023 over the previous month. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings in the United States averaged 0.25 percent from 2006 until 2023, reaching an all time high of 4.20 percent in April of 2020 and a record low of -1.20 percent in June of 2020. This page provides the latest reported value for - United States Average Hourly Earnings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Average Hourly Earnings MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Average Hourly Earnings in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Average Hourly Earnings MoM



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 12:30 PM Jun 0.4% 0.4% 0.3% 0.3%
2023-08-04 12:30 PM Jul 0.4% 0.4% 0.3% 0.3%
2023-09-01 12:30 PM Aug 0.4% 0.3% 0.4%


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.60 percent Jul 2023
Non Farm Payrolls 187.00 185.00 Thousand Jul 2023
Nonfarm Payrolls Private 172.00 128.00 Thousand Jul 2023
Government Payrolls 15.00 57.00 Thousand Jul 2023
Manufacturing Payrolls -2.00 6.00 Thousand Jul 2023
Unemployed Persons 5841.00 5957.00 Thousand Jul 2023
Employed Persons 161262.00 160994.00 Thousand Jul 2023
Average Hourly Earnings 0.40 0.40 percent Jul 2023
Average Weekly Hours 34.30 34.40 Hours Jul 2023
Labor Force Participation Rate 62.60 62.60 percent Jul 2023
Long Term Unemployment Rate 0.69 0.66 percent Jul 2023
Youth Unemployment Rate 8.00 7.50 percent Jul 2023
Productivity 114.02 112.98 points Jun 2023
Labour Costs 128.77 128.24 points Jun 2023
Job Vacancies 9515.00 8885.00 Thousand Jul 2023
Job Offers 8827.00 9165.00 Thousand Jul 2023
Wages 28.96 28.83 USD/Hour Jul 2023
Wages in Manufacturing 26.47 26.33 USD/Hour Jul 2023
Employment Cost Index 1.00 1.20 percent Jun 2023
Average Hourly Earnings YoY 4.40 4.40 percent Jul 2023
Part Time Employment 27153.00 26181.00 Thousand Jul 2023
Full Time Employment 134274.00 134859.00 Thousand Jul 2023
Employment Rate 60.40 60.30 percent Jul 2023

United States Average Hourly Earnings MoM
In the United States, Average Hourly Earnings is the average amount employees make per hour in a given month. The Federal Reserve uses average hourly earnings in deciding whether to raise or lower interest rates.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 4.20 -1.20 2006 - 2023 percent Monthly
Current Prices, SA

News Stream
US Wages Rise Faster Than Expected
The average hourly earnings for all employees on US private nonfarm payrolls rose by 14 cents, or 0.4%, to $33.74 in July 2023, the same pace as in the prior month and slightly above market forecasts of a 0.3% increase. In July, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5%, to $28.96. Over the past 12 months, average hourly earnings have increased by 4.4% in July, matching June's advance and surpassing market expectations of a 4.2% gain.
2023-08-04
US Wages Rise More Than Expected
Average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4%, to $33.58 in June 2023, matching May's advance but slightly above market expectations of a 0.3% increase. In June, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.83. Over the past 12 months, average hourly earnings have increased by 4.4% in June, the same pace as in May and slightly above market expectations of a 4.2% rise.
2023-07-07
US Wage Growth Slows as Forecast
Average hourly earnings for all employees on US private nonfarm payrolls rose by 11 cents, or 0.3%, to $33.44 in May 2023, as expected, after a downwardly revised 0.4% increase in the prior month. In May, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.75. Over the past 12 months, average hourly earnings have increased by 4.3% in May, in line with market forecasts, after a 4.4% increase in the prior month.
2023-06-02