Average hourly earnings for all employees on private nonfarm payrolls in the US rose by 4.7% from a year earlier in October of 2022, following a 5% rise in the prior month, in line with market estimates. It was the smallest increase in average hourly earnings since August of 2021. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings YoY in the United States averaged 2.92 percent from 2007 until 2022, reaching an all time high of 8.00 percent in April of 2020 and a record low of 0.60 percent in April of 2021. This page includes a chart with historical data for the United States Average Hourly Earnings YoY. United States Average Hourly Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Average Hourly Earnings YoY in the United States is expected to be 5.20 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 YoY

Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 12:30 PM Sep 5% 5.2% 5.1% 5.2%
2022-11-04 12:30 PM Oct 4.7% 5% 4.7% 5%
2022-12-02 01:30 PM Nov 4.7% 4.6% 4.6%

Related Last Previous Unit Reference
Unemployment Rate 3.70 3.50 percent Oct 2022
Non Farm Payrolls 261.00 315.00 Thousand Oct 2022
Nonfarm Payrolls Private 233.00 319.00 Thousand Oct 2022
Government Payrolls 28.00 -4.00 Thousand Oct 2022
Manufacturing Payrolls 32.00 23.00 Thousand Oct 2022
Average Hourly Earnings 0.40 0.30 percent Oct 2022
Average Weekly Hours 34.50 34.50 Hours Oct 2022
Labor Force Participation Rate 62.20 62.30 percent Oct 2022
Average Hourly Earnings YoY 4.70 5.00 percent Oct 2022

United States Average Hourly Earnings YoY
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
4.70 5.00 8.00 0.60 2007 - 2022 percent Monthly