Wages in the United States increased 2.31 percent in December of 2020 over the same month in the previous year. source: U.S. Bureau of Economic Analysis

Wage Growth in the United States averaged 6.10 percent from 1960 until 2020, reaching an all time high of 13.78 percent in January of 1979 and a record low of -6.64 percent in April of 2020. This page provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Wages and Salaries Growth - values, historical data and charts - was last updated on February of 2021.

Wage Growth in the United States is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in the United States to stand at 3.40 in 12 months time. In the long-term, the United States Wages and Salaries Growth is projected to trend around 3.60 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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United States Wages and Salaries Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.31 2.08 13.78 -6.64 1960 - 2020 percent Monthly
Current Prices, SA

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.30 6.70 14.80 2.50 percent [+]
Non Farm Payrolls 49.00 -227.00 4846.00 -20679.00 Thousand [+]
Nonfarm Payrolls Private 6.00 -204.00 4807.00 -19731.00 Thousand [+]
Government Payrolls 43.00 -23.00 517.00 -948.00 Thousand [+]
Manufacturing Payrolls -10.00 31.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 861.00 848.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 4494.00 4558.00 24912.00 988.00 Thousand [+]
ADP Employment Change 174.00 -78.00 4485.00 -19409.00 Thousand [+]
Employed Persons 150031.00 149830.00 158735.00 57172.00 Thousand [+]
Unemployed Persons 10130.00 10736.00 23109.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 1.00 4.60 -1.30 percent [+]
Average Weekly Hours 35.00 34.70 35.00 33.70 Hours [+]
Labor Force Participation Rate 61.40 61.50 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.51 2.46 4.40 0.08 percent [+]
Youth Unemployment Rate 11.20 12.50 27.40 4.80 percent [+]
Labour Costs 117.56 115.63 117.74 17.00 points [+]
Productivity 111.09 112.48 112.48 25.99 points [+]
Job Vacancies 6178.00 6301.00 7746.00 2157.00 Thousand [+]
Job Offers 6646.00 6572.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 79552.00 77030.00 671129.00 15100.00 Persons [+]
Wages 25.18 25.15 25.18 2.50 USD/Hour [+]
Wages in Manufacturing 23.23 23.29 23.29 1.27 USD/Hour [+]
Wage Growth 2.31 2.08 13.78 -6.64 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.50 2.00 0.20 percent [+]
Population 329.48 328.33 329.48 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 57.50 57.40 64.70 51.30 percent [+]
Full Time Employment 124990.00 124689.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 516.30 341.87 1352.18 31.95 Thousand [+]
Part Time Employment 24627.00 24917.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 833.25 836.75 5790.25 179.00 Thousand [+]


United States Wages and Salaries Growth
In the United States, wage growth refers to the yearly change in wages and salaries disbursements from government, manufacturing and service industries. .