Average hourly earnings for all employees on US private nonfarm payrolls went down by 4 cents, or 0.1 percent over the month to $29.96 in March of 2021, after an upwardly revised 0.3 percent increase in February and against market expectations of a 0.1 percent gain. It was the first decrease in average hourly earnings since June last year. Average hourly earnings for private-sector production and nonsupervisory employees, at $25.21, changed little (+2 cents). The large employment fluctuations over the past year, especially in industries with lower-paid workers, complicate the analysis of recent trends in average hourly earnings. Year-on-year, average hourly earnings have increased by 4.2 percent, following a downwardly revised 5.2 percent rise and below market consensus of a 4.5 percent gain. source: U.S. Bureau of Labor Statistics
Average Hourly Earnings in the United States averaged 0.22 percent from 2006 until 2021, reaching an all time high of 4.60 percent in April of 2020 and a record low of -1.30 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
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. Looking forward, we estimate Average Hourly Earnings in the United States to stand at 0.20 in 12 months time. In the long-term, the United States Average Hourly Earnings is projected to trend around 0.20 percent in 2022, according to our econometric models.