Average hourly earnings for all employees on US private nonfarm payrolls rose by 8 cents, or 0.2%, to $33.09 in February 2023, while markets had expected them to remain at 0.3%. This was the smallest growth in average hourly earnings in a year. Average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5%, to $28.42. Over the past 12 months, average hourly earnings have increased by 4.6%, up from 4.4% in the prior month but slightly below market forecasts of a 4.7% rise. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings in the United States averaged 0.24 percent from 2006 until 2023, reaching an all time high of 4.20 percent in April of 2020 and a record low of -1.20 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 MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Average Hourly Earnings in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Average Hourly Earnings MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-02-03 01:30 PM Jan 0.3% 0.4% 0.3% 0.3%
2023-03-10 01:30 PM Feb 0.2% 0.3% 0.3% 0.3%
2023-04-07 12:30 PM Mar 0.3 0.2%


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.40 percent Feb 2023
Non Farm Payrolls 311.00 504.00 Thousand Feb 2023
Government Payrolls 46.00 118.00 Thousand Feb 2023
Nonfarm Payrolls Private 265.00 386.00 Thousand Feb 2023
Manufacturing Payrolls -4.00 13.00 Thousand Feb 2023
Unemployed Persons 5936.00 5694.00 Thousand Feb 2023
Employed Persons 160315.00 160138.00 Thousand Feb 2023
Average Hourly Earnings 0.20 0.30 percent Feb 2023
Average Weekly Hours 34.50 34.60 Hours Feb 2023
Labor Force Participation Rate 62.50 62.40 percent Feb 2023
Long Term Unemployment Rate 0.64 0.67 percent Feb 2023
Youth Unemployment Rate 8.10 8.00 percent Feb 2023
Labour Costs 128.93 127.92 points Dec 2022
Productivity 113.25 112.79 points Dec 2022
Job Vacancies 10767.00 9957.00 Thousand Jan 2023
Job Offers 10824.00 11234.00 Thousand Jan 2023
Wages 28.42 28.26 USD/Hour Feb 2023
Wages in Manufacturing 25.76 25.93 USD/Hour Feb 2023
Employment Cost Index 1.00 1.20 percent Dec 2022
Average Hourly Earnings YoY 4.60 4.40 percent Feb 2023
Employment Rate 60.20 60.20 percent Feb 2023
Full Time Employment 133184.00 132577.00 Thousand Feb 2023
Part Time Employment 27089.00 27400.00 Thousand Feb 2023

United States Average Hourly Earnings MoM
In the United States, Average Hourly Earnings is the average amount employees make per hour in a given month. The Federal Reserve uses average hourly earnings in deciding whether to raise or lower interest rates.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 4.20 -1.20 2006 - 2023 percent Monthly
Current Prices, SA

News Stream
US Wages Grow Less Than Expected
Average hourly earnings for all employees on US private nonfarm payrolls rose by 8 cents, or 0.2%, to $33.09 in February 2023, while markets had expected them to remain at 0.3%. This was the smallest growth in average hourly earnings in a year. Average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5%, to $28.42. Over the past 12 months, average hourly earnings have increased by 4.6%, up from 4.4% in the prior month but slightly below market forecasts of a 4.7% rise.
2023-03-10
US Wages Growth Slows as Expected
Average hourly earnings for all employees on US private nonfarm payrolls rose by 10 cents, or 0.3%, to $33.03 in January of 2023, following an upwardly revised 0.4% gain in the prior month, matching market forecasts. This was the smallest growth in average hourly earnings in four months. In January, average hourly earnings of private-sector production and nonsupervisory employees rose by 7 cents, or 0.2%, to $28.26. Over the past 12 months, average hourly earnings have increased by 4.4% in January, the least since August of 2021 and slightly above market estimates of 4.3%.
2023-02-03
US Wages Growth Slows More than Expected
Average hourly earnings for all employees on US private nonfarm payrolls rose by 9 cents, or 0.3%, to $32.82 in December of 2022, following a downwardly revised 0.4% gain in the prior month and below market forecasts of a 0.4% increase. This was the smallest growth in average hourly earnings in four months. In December, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2%, to $28.07. Over the past 12 months, average hourly earnings have increased by 4.6%, the least since August of 2021 and below market estimates of a 5% advance.
2023-01-06