Average hourly earnings for all employees on private nonfarm payrolls rose by 23 cents, or 0.8 percent over the month to USD 29.81 in December of 2020, after increasing 0.3 percent in November and above market expectations of a 0.2 percent gain. It was the strongest increase in average hourly earnings since April. Year-on-year, average hourly earnings have increased by 5.1 percent, after increasing 4.4 percent in the previous month and above market expectations of 4.4 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 20 cents to USD 25.09. These increases largely reflect the disproportionate number of lower-paid workers in leisure and hospitality who went off payrolls, which put upward pressure on the average hourly earnings estimates. source: U.S. Bureau of Labor Statistics
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 January of 2021.
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 0.20 in 12 months time. In the long-term, the United States Average Hourly Earnings is projected to trend around 0.20 percent in 2022, according to our econometric models.