Minimum Wages in the United States remained unchanged at 7.25 USD/Hour in 2023 from 7.25 USD/Hour in 2022. Minimum Wages in the United States averaged 3.28 USD/Hour from 1938 until 2023, reaching an all time high of 7.25 USD/Hour in 2009 and a record low of 0.25 USD/Hour in 1938. source: Department of Labor

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United States Federal Minimum Hourly Wage


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.70 percent Jan 2024
Non Farm Payrolls 353.00 333.00 Thousand Jan 2024
Nonfarm Payrolls Private 317.00 278.00 Thousand Jan 2024
Government Payrolls 36.00 55.00 Thousand Jan 2024
Manufacturing Payrolls 23.00 8.00 Thousand Jan 2024
Initial Jobless Claims 201.00 213.00 Thousand Feb 2024
Continuing Jobless Claims 1862.00 1889.00 Thousand Feb 2024
ADP Employment Change 107.00 158.00 Thousand Jan 2024
Unemployed Persons 6124.00 6268.00 Thousand Jan 2024
Employed Persons 161152.00 161183.00 Thousand Jan 2024
Average Hourly Earnings 0.60 0.40 percent Jan 2024
Average Weekly Hours 34.10 34.30 Hours Jan 2024
Labor Force Participation Rate 62.50 62.50 percent Jan 2024
Long Term Unemployment Rate 0.76 0.74 percent Jan 2024
Youth Unemployment Rate 7.30 8.00 percent Jan 2024
Productivity 111.76 110.88 points Dec 2023
Labour Costs 119.56 119.42 points Dec 2023
Job Vacancies 8363.00 8262.00 Thousand Dec 2023
Job Offers 9026.00 8925.00 Thousand Dec 2023
Challenger Job Cuts 82307.00 34817.00 Persons Jan 2024
Wages 29.66 29.53 USD/Hour Jan 2024
Wages in Manufacturing 27.31 27.30 USD/Hour Jan 2024
Wage Growth 6.77 6.40 percent Dec 2023
Minimum Wages 7.25 7.25 USD/Hour Dec 2023
Employment Cost Index 0.90 1.10 percent Dec 2023
Labor Market Conditions Index 1.50 3.30 points Jun 2017
Population 334.23 332.40 Million Dec 2022
Retirement Age Women 66.67 66.50 Years Dec 2024
Retirement Age Men 66.67 66.50 Years Dec 2024
U6 Unemployment Rate 7.20 7.10 percent Jan 2024
Average Hourly Earnings YoY 4.50 4.30 percent Jan 2024
Hiring Plans Announcements 5376.00 3022.00 Persons Jan 2024
Nonfarm Productivity QoQ 3.20 4.90 percent Dec 2023
Job Quits Rate 2.20 2.20 Percent Dec 2023
Job Quits 3392.00 3524.00 Thousand Dec 2023
Job Layoffs and Discharges 1616.00 1531.00 Thousand Dec 2023
Employment Cost Index Wages 0.90 1.20 percent Dec 2023
Employment Cost Index Benefits 0.70 0.90 percent Dec 2023
Unit Labour Costs QoQ 0.50 -1.10 percent Dec 2023
Jobless Claims 4-week Average 215.25 218.75 Thousand Feb 2024
Full Time Employment 133133.00 133196.00 Thousand Jan 2024
Employment Rate 60.20 60.10 percent Jan 2024
Part Time Employment 27890.00 27794.00 Thousand Jan 2024
Pandemic Unemployment Assistance Claims 0.90 1.55 Thousand Dec 2021
Wages Low Skilled 1960.00 1760.00 USD/Month Dec 2018
Living Wage Individual 1660.00 1560.00 USD/Month Dec 2018
Living Wage Family 2380.00 2270.00 USD/Month Dec 2018
Wages High Skilled 4520.00 4330.00 USD/Month Dec 2018

United States Federal Minimum Hourly Wage
In the United States, the federal minimum wage is the lowest wage rate that an employer can pay per hour to workers covered by the minimum wage law (the FLSA). The FLSA applies to: employees of federal, state or local government agencies, hospitals and schools, and generally to domestic workers; employees of enterprises that have annual gross volume of sales of at least $500,000; employees of smaller firms if they are engaged in interstate commerce or in the production of goods for commerce. Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher minimum wage rate.
Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.25 7.25 0.25 1938 - 2023 USD/Hour Yearly