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.

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United States Average Hourly Earnings MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-11-04 12:30 PM Average Hourly Earnings MoM Oct 0.4% 0.3% 0.3% 0.3%
2022-12-02 01:30 PM Average Hourly Earnings MoM Nov 0.6% 0.5% 0.3% 0.3%
2023-01-06 01:30 PM Average Hourly Earnings YoY Dec


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.70 percent Nov 2022
Non Farm Payrolls 263.00 284.00 Thousand Nov 2022
Nonfarm Payrolls Private 221.00 248.00 Thousand Nov 2022
Government Payrolls 42.00 36.00 Thousand Nov 2022
Manufacturing Payrolls 14.00 36.00 Thousand Nov 2022
Unemployed Persons 6011.00 6059.00 Thousand Nov 2022
Employed Persons 158470.00 158608.00 Thousand Nov 2022
Average Hourly Earnings 0.60 0.50 percent Nov 2022
Average Weekly Hours 34.40 34.50 Hours Nov 2022
Labor Force Participation Rate 62.10 62.20 percent Nov 2022
Long Term Unemployment Rate 0.75 0.71 percent Nov 2022
Youth Unemployment Rate 8.20 8.10 percent Nov 2022
Labour Costs 127.62 126.52 points Sep 2022
Productivity 113.14 113.04 points Sep 2022
Job Vacancies 10752.00 10695.00 Thousand Oct 2022
Job Offers 10334.00 10687.00 Thousand Oct 2022
Wages 28.10 27.86 USD/Hour Nov 2022
Wages in Manufacturing 25.58 25.37 USD/Hour Nov 2022
Employment Cost Index 1.20 1.30 percent Sep 2022
Average Hourly Earnings YoY 5.10 4.90 percent Nov 2022
Part Time Employment 26092.00 26394.00 Thousand Nov 2022
Full Time Employment 132320.00 132228.00 Thousand Nov 2022
Employment Rate 59.90 60.00 percent Nov 2022

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
0.60 0.50 4.20 -1.20 2006 - 2022 percent Monthly
Current Prices, SA

News Stream
US Wages Growth at 10-Month High, Tops Forecasts
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.
2022-12-02
US Wages Rise More than Expected
Average hourly earnings for all employees on private nonfarm payrolls in the US rose by 12 cents, or 0.4 percent, to $32.58 in October of 2022, after a 0.3 percent rise in September and above market forecasts of 0.3 percent. In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 9 cents, or 0.3 percent, to $27.86. Over the past 12 months, average hourly earnings have increased by an expected 4.7 percent, the least in over 14 months, after a 5 percent rise in the prior month.
2022-11-04
US Wages Growth Steady in September
Average hourly earnings for all employees on private nonfarm payrolls in the US rose by 10 cents, or 0.3% to $32.46 in September of 2022, the same pace as in August, in line with market forecasts. In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.4%, to $27.77. Over the past 12 months, average hourly earnings have increased by 5.0%, following a 5.2% rise in the prior month and slightly below market estimates of a 5.1% gain.
2022-10-07