Average hourly earnings for all employees on US private nonfarm payrolls increased by 11 cents, or 0.4 percent from the previous month to USD 27.66 in February 2019, following a 0.1 percent gain in January and beating market estimates of a 0.3 percent rise. That left the annual increase in wages at 3.4 percent compared to a downwardly revised 3.1 percent gain in January and above market expectations of a 3.3 percent rise. Meanwhile, average hourly earnings of private-sector production and nonsupervisory employees went up by 8 cents, or 0.4 percent, to USD 23.18 in February. Average Hourly Earnings in the United States averaged 0.20 percent from 2006 until 2019, reaching an all time high of 0.60 percent in June of 2007 and a record low of -0.20 percent in August of 2011.
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 2020, according to our econometric models.