Wages in the United States increased 10.10 percent in July of 2021 over the same month in the previous year. source: U.S. Bureau of Economic Analysis

Wage Growth in the United States averaged 6.13 percent from 1960 until 2021, reaching an all time high of 14.48 percent in April of 2021 and a record low of -5.88 percent in March of 2009. 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 September of 2021.

Wage Growth in the United States is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
10.10 10.24 14.48 -5.88 1960 - 2021 percent Monthly
Current Prices, SA

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.40 14.80 2.50 percent [+]
Non Farm Payrolls 235.00 1053.00 4846.00 -20679.00 Thousand [+]
Nonfarm Payrolls Private 243.00 798.00 4807.00 -19731.00 Thousand [+]
Government Payrolls -8.00 255.00 517.00 -948.00 Thousand [+]
Manufacturing Payrolls 37.00 52.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 332.00 312.00 6149.00 162.00 Thousand [+]
Continuing Jobless Claims 2665.00 2852.00 23128.00 988.00 Thousand [+]
ADP Employment Change 374.00 326.00 4350.00 -19392.00 Thousand [+]
Employed Persons 153154.00 152645.00 158735.00 57172.00 Thousand [+]
Unemployed Persons 8384.00 8702.00 23109.00 1596.00 Thousand [+]
Average Hourly Earnings 0.60 0.40 4.60 -1.30 percent [+]
Average Weekly Hours 34.70 34.70 35.00 33.70 Hours [+]
Labor Force Participation Rate 61.70 61.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.97 2.12 4.40 0.08 percent [+]
Youth Unemployment Rate 9.90 9.20 27.40 4.80 percent [+]
Labour Costs 118.60 118.23 119.07 17.01 points [+]
Productivity 112.70 112.10 112.70 25.97 points [+]
Job Vacancies 11664.00 10342.00 11664.00 2157.00 Thousand [+]
Job Offers 10934.00 10185.00 10934.00 2232.00 Thousand [+]
Challenger Job Cuts 15723.00 18942.00 671129.00 15100.00 Persons [+]
Wages 25.99 25.85 25.99 2.50 USD/Hour [+]
Wages in Manufacturing 23.95 23.81 23.95 1.27 USD/Hour [+]
Wage Growth 10.10 10.24 14.48 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.90 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 58.50 58.40 64.70 51.30 percent [+]
Pandemic Unemployment Assistance Claims 28.46 94.64 1352.29 28.46 Thousand [+]
Part Time Employment 25783.00 25360.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 335.75 340.00 5301.25 179.00 Thousand [+]
Full Time Employment 127436.00 127466.00 131755.00 64640.00 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. .