Average hourly earnings for all employees on US private nonfarm payrolls increased by 4.6% year-on-year in February 2023, up from 4.4% in the prior month but slightly below market forecasts of a 4.7% rise. source: U.S. Bureau of Labor Statistics
Average Hourly Earnings YoY in the United States averaged 2.97 percent from 2007 until 2023, reaching an all time high of 8.10 percent in April of 2020 and a record low of 0.60 percent in April of 2021. This page includes a chart with historical data for the United States Average Hourly Earnings YoY. United States Average Hourly Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Average Hourly Earnings YoY in the United States is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.