Average hourly earnings for all employees on US private nonfarm payrolls rose by 11 cents, or 0.4% over the month to $30.96 in October of 2021, matching market expectations and following a 0.6% rise in September and August. In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents to $26.26. Over the past 12 months, average hourly earnings have increased by 4.9%, up from a 4.6% rise in the prior month and in line with market forecasts. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings in the United States averaged 0.23 percent from 2006 until 2021, reaching an all time high of 4.60 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 MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Average Hourly Earnings in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Average Hourly Earnings MoM is projected to trend around 0.20 percent in 2022, according to our econometric models.

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United States Average Hourly Earnings MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-10-08 12:30 PM Sep 0.6% 0.4% 0.4% 0.5%
2021-11-05 12:30 PM Oct 0.4% 0.6% 0.4% 0.4%
2021-12-03 01:30 PM Nov 0.4% 0.4% 0.3%


Related Last Previous Unit Reference
Unemployment Rate 4.60 4.80 percent Oct/21
Non Farm Payrolls 531.00 312.00 Thousand Oct/21
Nonfarm Payrolls Private 604.00 365.00 Thousand Oct/21
Government Payrolls -73.00 -53.00 Thousand Oct/21
Manufacturing Payrolls 60.00 31.00 Thousand Oct/21
Unemployed Persons 7419.00 7674.00 Thousand Oct/21
Employed Persons 154039.00 153680.00 Thousand Oct/21
Average Hourly Earnings 0.40 0.60 percent Oct/21
Average Weekly Hours 34.70 34.80 Hours Oct/21
Labor Force Participation Rate 61.60 61.60 percent Oct/21
Long Term Unemployment Rate 1.44 1.66 percent Oct/21
Youth Unemployment Rate 8.70 9.00 percent Oct/21
Labour Costs 120.92 118.55 points Sep/21
Productivity 111.33 112.76 points Sep/21
Job Vacancies 10507.00 10679.00 Thousand Sep/21
Job Offers 10438.00 10629.00 Thousand Sep/21
Wages 26.26 26.16 USD/Hour Oct/21
Wages in Manufacturing 24.24 24.19 USD/Hour Oct/21
Employment Cost Index 1.30 0.70 percent Sep/21
Average Hourly Earnings YoY 4.90 4.60 percent Oct/21
Part Time Employment 25906.00 25747.00 Thousand Oct/21
Full Time Employment 128306.00 128027.00 Thousand Oct/21
Employment Rate 58.80 58.70 percent Oct/21

News Stream
US Wages Rise at Slower 0.4% MoM in October
Average hourly earnings for all employees on US private nonfarm payrolls rose by 11 cents, or 0.4% over the month to $30.96 in October of 2021, matching market expectations and following a 0.6% rise in September and August. In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents to $26.26. Over the past 12 months, average hourly earnings have increased by 4.9%, up from a 4.6% rise in the prior month and in line with market forecasts.
2021-11-05
US Wages Growth Above Estimates
Average hourly earnings for all employees on US private nonfarm payrolls rose by 19 cents, or 0.6% to $30.85 in September of 2021, following increases in the prior 5 months and above market estimates of 0.4%. In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 14 cents to $26.15. The data for recent months suggest that the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages. However, because average hourly earnings vary widely across industries, the large employment fluctuations since February 2020 complicate the analysis of recent trends in average hourly earnings. Year-on-year, average hourly earnings have increased by 4.6%, in line with market forecasts, following a downwardly revised 4% rise in August.
2021-10-08
US Wages Growth Tops Estimates
Average hourly earnings for all employees on US private nonfarm payrolls rose by 17 cents, or 0.6% to $30.73 in August of 2021, following increases in the prior 4 months and above market estimates of 0.3%. In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 14 cents to $25.99. The data for recent months suggest that the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages. However, because average hourly earnings vary widely across industries, the large employment fluctuations since February 2020 complicate the analysis of recent trends in average hourly earnings. Year-on-year, average hourly earnings have increased by 4.3%, above market expectations of 4%.
2021-09-03

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.