US average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents, or 0.1 percent, to USD 28.32, after an upwardly revised 0.3 percent gain in November and missing market estimates of a 0.3 percent gain. Year-on-year, average hourly earnings have increased by 2.9 percent, easing from a 3.1 percent rise in the prior month and below market expectations of a 3.1 percent gain. It was the weakest annual growth since July 2018. In December, average hourly earnings of private-sector production and nonsupervisory employees were little changed at USD 23.79.
Average Hourly Earnings in the United States averaged 0.20 percent from 2006 until 2019, reaching an all time high of 0.60 percent in April of 2006 and a record low of -0.20 percent in August of 2011. 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.
Average Hourly Earnings in the United States is expected to be 0.20 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 0.30 in 12 months time. In the long-term, the United States Average Hourly Earnings is projected to trend around 0.20 percent in 2020, according to our econometric models.