Average hourly earnings for all employees on US private nonfarm payrolls rose by 10 cents, or 0.3% to $30.40 in June of 2021, following a downwardly revised 0.4% rise in May and slightly below market expectations of a 0.4% gain. Average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents to $25.68 in June. Year-on-year, average hourly earnings have increased by 3.6%, following a downwardly revised 1.9% rise in May and slightly below market consensus of a 3.7% increase. The data for recent months suggest that the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages. source: U.S. Bureau of Labor Statistics
Average Hourly Earnings in the United States averaged 0.22 percent from 2006 until 2021, reaching an all time high of 4.60 percent in April of 2020 and a record low of -1.30 percent in June of 2020. This page provides the latest reported value for - United States Average Hourly Earnings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Average Hourly Earnings - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Average Hourly Earnings in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Average Hourly Earnings in the United States to stand at 0.30 in 12 months time. In the long-term, the United States Average Hourly Earnings is projected to trend around 0.20 percent in 2022, according to our econometric models.