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.

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United States Average Hourly Earnings

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.30 4.70 -1.30 2006 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-04 12:30 PM Average Hourly Earnings YoY Aug 4.7% 4.7% 4.5% 4.6%
2020-09-04 12:30 PM Average Hourly Earnings MoM Aug 0.4% 0.1% 0.0% 0.1%
2020-10-02 12:30 PM Average Hourly Earnings YoY Sep 4.7% 4.6% 4.8% 4.6%
2020-10-02 12:30 PM Average Hourly Earnings MoM Sep 0.1% 0.3% 0.2% 0.2%
2020-11-06 01:30 PM Average Hourly Earnings MoM Oct 0.1%
2020-12-04 01:30 PM Average Hourly Earnings MoM Nov


News Stream
US Wages Rise Less than Expected
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.
2020-10-02
US Average Hourly Earnings Unexpectedly Rise
Average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents, or 0.4 percent to USD 29.47 in August of 2020, beating market expectations of no growth. Average hourly earnings of private-sector production and nonsupervisory employees increased by 18 cents to USD 24.81, following a decrease of 10 cents in the prior month. 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.
2020-09-04
US Average Hourly Earnings Unexpectedly Rise
Average hourly earnings for all employees on US private nonfarm payrolls rose by 7 cents, or 0.2 percent over the month to USD 29.39 in July of 2020, against market expectations of a 0.5 percent decline and following a 1.3 percent fall in June. Average hourly earnings of private-sector production and nonsupervisory employees decreased by 11 cents to USD 24.63 in July. The large employment fluctuations--especially in lower-paid industries--over the past several months complicate the analysis of recent trends in average hourly earnings.
2020-08-07
US Wages Fall More than Expected
Average hourly earnings for all employees on US private nonfarm payrolls fell by 35 cents, or 1.2 percent over the month to USD $29.37 in June of 2020, after a 1 percent decrease in May and compared with market expectations of a 0.7 percent drop. Year-on-year, average hourly earnings have increased by 5 percent, below a downwardly revised 6.6 percent in the prior month and market consensus of 5.3 percent. Average hourly earnings of private-sector production and nonsupervisory employees decreased by 23 cents to $24.74 in June. The decreases in average hourly earnings largely reflected job gains among lower-paid workers; these changes put downward pressure on the average hourly earnings estimates.
2020-07-02

United States Average Hourly Earnings
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.