Average hourly earnings for all employees on US private nonfarm payrolls rose by 18 cents, or 0.6 percent, to $32.82 in November of 2022, following an upward revised 0.5 percent increase in October and above market estimates of a 0.3 percent gain. This was the strongest increase in average hourly earnings in ten months. In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 19 cents, or 0.7 percent, to $28.10. Over the past 12 months, average hourly earnings have increased by 5.1 percent, after an upwardly revised 4.9 percent rise in the prior month and well above market forecasts of 4.6 percent. source: U.S. Bureau of Labor Statistics
Average Hourly Earnings in the United States averaged 0.25 percent from 2006 until 2022, 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 December of 2022.
Average Hourly Earnings in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Average Hourly Earnings MoM is projected to trend around 0.30 percent in 2023 and 0.20 percent in 2024, according to our econometric models.