Wages in the United States increased 4.41 percent in March of 2021 over the same month in the previous year. source: U.S. Bureau of Economic Analysis

Wage Growth in the United States averaged 6.08 percent from 1960 until 2021, reaching an all time high of 13.78 percent in January of 1979 and a record low of -6.64 percent in April of 2020. This page provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Wages and Salaries Growth - values, historical data and charts - was last updated on June of 2021.

Wage Growth in the United States is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in the United States to stand at 2.90 in 12 months time. In the long-term, the United States Wages and Salaries Growth is projected to trend around 3.60 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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United States Wages and Salaries Growth

Actual Previous Highest Lowest Dates Unit Frequency
4.41 0.10 13.78 -6.64 1960 - 2021 percent Monthly
Current Prices, SA

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 6.10 14.80 2.50 percent [+]
Non Farm Payrolls 559.00 278.00 4846.00 -20679.00 Thousand [+]
Nonfarm Payrolls Private 492.00 219.00 4807.00 -19731.00 Thousand [+]
Government Payrolls 67.00 59.00 517.00 -948.00 Thousand [+]
Manufacturing Payrolls 23.00 -32.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 412.00 375.00 6149.00 162.00 Thousand [+]
Continuing Jobless Claims 3518.00 3517.00 23128.00 988.00 Thousand [+]
ADP Employment Change 978.00 654.00 4350.00 -19392.00 Thousand [+]
Employed Persons 151620.00 151176.00 158735.00 57172.00 Thousand [+]
Unemployed Persons 9316.00 9812.00 23109.00 1596.00 Thousand [+]
Average Hourly Earnings 0.50 0.70 4.60 -1.30 percent [+]
Average Weekly Hours 34.90 34.90 34.90 33.70 Hours [+]
Labor Force Participation Rate 61.60 61.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 2.33 2.60 4.40 0.08 percent [+]
Youth Unemployment Rate 9.90 11.00 27.40 4.80 percent [+]
Labour Costs 119.07 118.56 119.07 17.00 points [+]
Productivity 112.73 111.26 112.73 25.99 points [+]
Job Vacancies 9982.00 8237.00 9982.00 2157.00 Thousand [+]
Job Offers 9286.00 8288.00 9286.00 2232.00 Thousand [+]
Challenger Job Cuts 24586.00 22913.00 671129.00 15100.00 Persons [+]
Wages 25.60 25.46 25.60 2.50 USD/Hour [+]
Wages in Manufacturing 23.53 23.46 23.53 1.27 USD/Hour [+]
Wage Growth 4.41 0.10 13.78 -6.64 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.90 0.70 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 58.00 57.90 64.70 51.30 percent [+]
Full Time Employment 126384.00 126161.00 131755.00 64640.00 Thousand [+]
Pandemic Unemployment Assistance Claims 118.03 71.30 1352.29 32.08 Thousand [+]
Part Time Employment 25202.00 25024.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 395.00 403.00 5301.25 179.00 Thousand [+]


United States Wages and Salaries Growth
In the United States, wage growth refers to the yearly change in wages and salaries disbursements from government, manufacturing and service industries. .