Wages in the United States decreased 8.53 percent in April of 2020 over the same month in the previous year.

Wage Growth in the United States averaged 6.16 percent from 1960 until 2020, reaching an all time high of 13.78 percent in January of 1979 and a record low of -8.53 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 June of 2020. source: U.S. Bureau of Economic Analysis

Wage Growth in the United States is expected to be -6.60 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 0.50 in 12 months time. In the long-term, the United States Wages and Salaries Growth is projected to trend around 5.80 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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United States Wages and Salaries Growth

Actual Previous Highest Lowest Dates Unit Frequency
-8.53 -0.73 13.78 -8.53 1960 - 2020 percent Monthly
Current Prices, SA

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.70 4.40 14.70 2.50 percent [+]
Non Farm Payrolls -20537.00 -870.00 1118.00 -20537.00 Thousand [+]
Nonfarm Payrolls Private -19557.00 -842.00 1092.00 -19557.00 Thousand [+]
Government Payrolls -980.00 -28.00 427.00 -980.00 Thousand [+]
Manufacturing Payrolls -1330.00 -34.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 2123.00 2446.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 21052.00 24912.00 24912.00 988.00 Thousand [+]
ADP Employment Change -20236.00 -149.00 314.00 -20236.00 Thousand [+]
Employed Persons 133403.00 155772.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 23078.00 7140.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 4.70 0.50 4.70 -0.20 percent [+]
Average Weekly Hours 34.20 34.10 34.60 33.70 Hours [+]
Labor Force Participation Rate 60.20 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.60 0.71 4.40 0.08 percent [+]
Youth Unemployment Rate 27.40 10.30 27.40 4.80 percent [+]
Labour Costs 112.96 111.65 112.96 17.00 points [+]
Productivity 107.60 108.28 108.28 25.99 points [+]
Job Vacancies 6060.00 6597.00 7746.00 2157.00 Thousand [+]
Job Offers 6191.00 7004.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 671129.00 222288.00 671129.00 15100.00 Persons [+]
Wages 25.12 24.08 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.80 22.56 22.80 1.27 USD/Hour [+]
Wage Growth -8.53 -0.73 13.78 -8.53 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.80 0.70 2.00 0.20 percent [+]
Population 329.13 327.17 329.13 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 51.30 60.00 64.70 51.30 percent [+]
Full Time Employment 114322.00 129298.00 131755.00 64640.00 Thousand [+]
Living Wage Family 2380.00 2270.00 2380.00 2160.00 USD/Month [+]
Living Wage Individual 1660.00 1560.00 1660.00 1450.00 USD/Month [+]
Jobless Claims 4-week Average 2608.00 3044.00 5790.25 179.00 Thousand [+]
Part Time Employment 19106.00 26553.00 28134.00 10086.00 Thousand [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]


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. .