Average hourly earnings in the US rose by 11 cents, or 0.4 percent, to $27.48 in December 2018 after gaining 0.2 percent in November and beating market expectations of a 0.3 percent advance. That lifted the annual increase in wages to 3.2 percent, matching the fastest pace since 2009 seen in October, from 3.1 percent in November. Meanwhile, average hourly earnings of private-sector production and non-supervisory employees increased by 9 cents, or 0.4 percent, to $23.05 in December. Average Hourly Earnings in the United States averaged 0.20 percent from 2006 until 2018, 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.