US average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents or 0.2 percent month-over-month to $27.30 in October of 2018, following a 0.3 percent rise in the previous month and matching market expectations. Over the year, average hourly earnings have increased by 85 cents, or 3.1 percent, the most since 2009 and higher than a 2.8 percent rise in September. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $22.89 in October. Average Hourly Earnings in the United States averaged 0.20 percent from 2006 until 2018, reaching an all time high of 0.60 percent in June of 2007 and a record low of -0.20 percent in August of 2011.
Average Hourly Earnings in the United States is expected to be 0.28 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 0.30 percent in 2020, according to our econometric models.