Wages in the United States increased 2.11 percent in October of 2020 over the same month in the previous year. source: U.S. Bureau of Economic Analysis

Wage Growth in the United States averaged 6.11 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 November of 2020.

Wage Growth in the United States is expected to be 2.00 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 2.80 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
2.11 1.89 13.78 -6.64 1960 - 2020 percent Monthly
Current Prices, SA

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 7.90 14.70 2.50 percent [+]
Non Farm Payrolls 638.00 672.00 4781.00 -20787.00 Thousand [+]
Nonfarm Payrolls Private 906.00 892.00 4729.00 -19835.00 Thousand [+]
Government Payrolls -268.00 -220.00 465.00 -952.00 Thousand [+]
Manufacturing Payrolls 38.00 60.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 778.00 748.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 6071.00 6370.00 24912.00 988.00 Thousand [+]
ADP Employment Change 365.00 753.00 4485.00 -19409.00 Thousand [+]
Employed Persons 149806.00 147563.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 11061.00 12580.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.00 4.70 -1.30 percent [+]
Average Weekly Hours 34.80 34.80 34.80 33.70 Hours [+]
Labor Force Participation Rate 61.70 61.40 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.21 1.50 4.40 0.08 percent [+]
Youth Unemployment Rate 11.70 13.50 27.40 4.80 percent [+]
Labour Costs 114.04 116.73 116.73 17.00 points [+]
Productivity 112.41 111.08 112.41 25.99 points [+]
Job Vacancies 6608.00 6645.00 7746.00 2157.00 Thousand [+]
Job Offers 6436.00 6352.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 80666.00 118804.00 671129.00 15100.00 Persons [+]
Wages 24.82 24.77 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.95 23.03 23.03 1.27 USD/Hour [+]
Wage Growth 2.11 1.89 13.78 -6.64 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.50 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 57.40 56.60 64.70 51.30 percent [+]
Full Time Employment 123593.00 122423.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 311.68 319.69 1352.18 31.95 Thousand [+]
Part Time Employment 26163.00 25161.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 748.50 743.50 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. .