Minimum Wages in the United States remained unchanged at 7.25 USD/Hour in 2020 from 7.25 USD/Hour in 2019. source: Department of Labor

Minimum Wages in the United States averaged 3.13 USD/Hour from 1938 until 2020, reaching an all time high of 7.25 USD/Hour in 2009 and a record low of 0.25 USD/Hour in 1938. This page provides - United States Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Federal Minimum Hourly Wage - values, historical data and charts - was last updated on March of 2021.

Minimum Wages in the United States is expected to reach 9.50 USD/Hour by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Minimum Hourly Wage is projected to trend around 11.00 USD/Hour in 2022 and 12.50 USD/Hour in 2023, according to our econometric models.

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United States Federal Minimum Hourly Wage

Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.25 7.25 0.25 1938 - 2020 USD/Hour Yearly

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.20 6.30 14.80 2.50 percent [+]
Non Farm Payrolls 379.00 166.00 4846.00 -20679.00 Thousand [+]
Nonfarm Payrolls Private 465.00 90.00 4807.00 -19731.00 Thousand [+]
Government Payrolls -86.00 76.00 517.00 -948.00 Thousand [+]
Manufacturing Payrolls 21.00 -14.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 745.00 736.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 4295.00 4419.00 24912.00 988.00 Thousand [+]
ADP Employment Change 117.00 195.00 4350.00 -19392.00 Thousand [+]
Employed Persons 150239.00 150031.00 158735.00 57172.00 Thousand [+]
Unemployed Persons 9972.00 10130.00 23109.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.10 4.60 -1.30 percent [+]
Average Weekly Hours 34.60 34.90 34.90 33.70 Hours [+]
Labor Force Participation Rate 61.40 61.40 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.59 2.51 4.40 0.08 percent [+]
Youth Unemployment Rate 10.90 11.20 27.40 4.80 percent [+]
Labour Costs 116.42 114.74 117.68 17.00 points [+]
Productivity 111.09 112.29 112.29 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 34531.00 79552.00 671129.00 15100.00 Persons [+]
Wages 25.19 25.18 25.19 2.50 USD/Hour [+]
Wages in Manufacturing 23.20 23.23 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 57.60 57.50 64.70 51.30 percent [+]
Full Time Employment 124868.00 124990.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 436.70 427.45 1352.18 31.95 Thousand [+]
Part Time Employment 25109.00 24627.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 790.75 807.50 5790.25 179.00 Thousand [+]


United States Federal Minimum Hourly Wage
In the United States, the federal minimum wage is the lowest wage rate that an employer can pay per hour to workers covered by the minimum wage law (the FLSA). The FLSA applies to: employees of federal, state or local government agencies, hospitals and schools, and generally to domestic workers; employees of enterprises that have annual gross volume of sales of at least $500,000; employees of smaller firms if they are engaged in interstate commerce or in the production of goods for commerce. Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher minimum wage rate. .