Average hourly earnings for all employees on US private nonfarm payrolls increased by 19 cents, or 0.6% over the month to $31.31 in December of 2021, above market expectations of 0.4% and following an upwardly revised 0.4% rise in November. In December, the average hourly earnings of private-sector production and nonsupervisory employees rose by 18 cents to $26.61. Over the past 12 months, average hourly earnings have increased by 4.7%, after an upwardly revised 5.1% in November, well above market estimates of 4.2%. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings in the United States averaged 0.23 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 MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Average Hourly Earnings in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Average Hourly Earnings MoM is projected to trend around 0.20 percent in 2023, according to our econometric models.

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United States Average Hourly Earnings MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-12-03 01:30 PM Nov 0.3% 0.4% 0.4% 0.3%
2022-01-07 01:30 PM Dec 0.6% 0.4% 0.4% 0.4%
2022-02-04 01:30 PM Jan 0.6%


Related Last Previous Unit Reference
Unemployment Rate 3.90 4.20 percent Dec/21
Non Farm Payrolls 199.00 249.00 Thousand Dec/21
Nonfarm Payrolls Private 211.00 270.00 Thousand Dec/21
Government Payrolls -12.00 -21.00 Thousand Dec/21
Manufacturing Payrolls 26.00 35.00 Thousand Dec/21
Unemployed Persons 6319.00 6802.00 Thousand Dec/21
Employed Persons 155975.00 155324.00 Thousand Dec/21
Average Hourly Earnings 0.60 0.40 percent Dec/21
Average Weekly Hours 34.70 34.70 Hours Dec/21
Labor Force Participation Rate 61.90 61.90 percent Dec/21
Long Term Unemployment Rate 1.24 1.35 percent Dec/21
Youth Unemployment Rate 8.20 8.40 percent Dec/21
Labour Costs 122.71 119.94 points Sep/21
Productivity 111.28 112.76 points Sep/21
Job Vacancies 9912.00 11476.00 Thousand Nov/21
Job Offers 10562.00 11033.00 Thousand Nov/21
Wages 26.61 26.40 USD/Hour Dec/21
Wages in Manufacturing 24.42 24.27 USD/Hour Dec/21
Employment Cost Index 1.30 0.70 percent Sep/21
Average Hourly Earnings YoY 4.70 5.10 percent Dec/21
Employment Rate 59.50 59.30 percent Dec/21
Part Time Employment 25681.00 25948.00 Thousand Dec/21
Full Time Employment 130191.00 129260.00 Thousand Dec/21

News Stream
US Wages Grow More Than Expected
Average hourly earnings for all employees on US private nonfarm payrolls increased by 19 cents, or 0.6% over the month to $31.31 in December of 2021, above market expectations of 0.4% and following an upwardly revised 0.4% rise in November. In December, the average hourly earnings of private-sector production and nonsupervisory employees rose by 18 cents to $26.61. Over the past 12 months, average hourly earnings have increased by 4.7%, after an upwardly revised 5.1% in November, well above market estimates of 4.2%.
2022-01-07
US Wages Rise Less than Expected
Average hourly earnings for all employees on US private nonfarm payrolls increased by 8 cents, or 0.3% over the month to $31.03 in November of 2021, slightly below market expectations of 0.4% and following a 0.4% rise in October. It was the smallest increase in average hourly earnings since March. In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents to $26.40. Over the past 12 months, average hourly earnings have rose by 4.8 percent, the same pace as in the prior month but missing market estimates of 5%.
2021-12-03
US Wages Rise at Slower 0.4% MoM in October
Average hourly earnings for all employees on US private nonfarm payrolls rose by 11 cents, or 0.4% over the month to $30.96 in October of 2021, matching market expectations and following a 0.6% rise in September and August. In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents to $26.26. Over the past 12 months, average hourly earnings have increased by 4.9%, up from a 4.6% rise in the prior month and in line with market forecasts.
2021-11-05

United States Average Hourly Earnings MoM
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.