Average hourly earnings for all employees on private nonfarm payrolls rose by 2 cents, or 0.1 percent over the month to USD 29.47 in September of 2020, following a downwardly revised 0.3 percent gain in August and below market expectations of a 0.2 percent gain. Year-on-year, average hourly earnings have increased by 4.7 percent, up from a downwardly revised 4.6 percent in the prior month but below market consensus of 4.8 percent. Average hourly earnings of private-sector production and nonsupervisory employees rose by 1 cent to USD 24.79. The large employment fluctuations over the past several months-especially in industries with lower-paid workers-complicate the analysis of recent trends in average hourly earnings.
Average Hourly Earnings in the United States averaged 0.22 percent from 2006 until 2020, reaching an all time high of 4.70 percent in April of 2020 and a record low of -1.30 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Average Hourly Earnings in the United States is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Average Hourly Earnings in the United States to stand at 0.40 in 12 months time. In the long-term, the United States Average Hourly Earnings is projected to trend around 0.20 percent in 2021, according to our econometric models.