Average hourly earnings for all employees on US private nonfarm payrolls have increased by 3.2% year-on-year in July 2026, following a downwardly revised 3.4% rise in June and missing analysts' estimates of a 3.4% advance. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings YoY in the United States decreased to 3.20 percent in July from 3.40 percent in June of 2026. Average Hourly Earnings YoY in the United States averaged 3.15 percent from 2007 until 2026, reaching an all time high of 8.10 percent in April of 2020 and a record low of 0.60 percent in April of 2021. This page includes a chart with historical data for the United States Average Hourly Earnings YoY. United States Average Hourly Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Average Hourly Earnings YoY in the United States decreased to 3.20 percent in July from 3.40 percent in June of 2026. Average Hourly Earnings YoY in the United States is expected to be 3.30 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 YoY is projected to trend around 3.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-02 12:30 PM
Average Hourly Earnings YoY
Jun 3.5% 3.4% 3.5% 3.4%
2026-08-07 12:30 PM
Average Hourly Earnings YoY
Jul 3.2% 3.4% 3.5% 3.5%
2026-09-04 12:30 PM
Average Hourly Earnings YoY
Aug 3.2% 3.3%


Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.10 0.30 percent Jul 2026
Average Hourly Earnings YoY 3.20 3.40 percent Jul 2026
Average Weekly Hours 34.30 34.30 Hours Jul 2026
Earnings Growth Expectations 2.80 2.80 percent Jul 2026
Employed Persons 162177.00 162264.00 Thousand Jul 2026
Employment Cost Index 0.90 0.90 percent Jun 2026
Employment Cost - Benefits 1.00 1.20 percent Jun 2026
Employment Cost - Wages 0.90 0.80 percent Jun 2026
Employment Rate 58.90 59.00 percent Jul 2026
Full Time Employment 133553.00 133659.00 Thousand Jul 2026
Government Payrolls -53.00 -10.00 Thousand Jul 2026
Job Layoffs and Discharges 1766.00 1761.00 Thousand Jun 2026
JOLTs Job Openings 7359.00 7537.00 Thousand Jun 2026
JOLTs Job Quits 3232.00 3153.00 Thousand Jun 2026
Job Quits Rate 2.00 2.00 Percent Jun 2026
Job Openings 7140.00 7500.00 Thousand Jun 2026
Participation Rate 61.40 61.50 percent Jul 2026
Labour Costs 123.78 123.22 points Mar 2026
Long Term Unemployment Rate 1.05 1.14 percent Jul 2026
Manufacturing Payrolls 5.00 11.00 Thousand Jul 2026
Non Farm Payrolls -23.00 20.00 Thousand Jul 2026
Nonfarm Payrolls Private 30.00 30.00 Thousand Jul 2026
Nonfarm Productivity 1.40 0.80 percent Jun 2026
Part Time Employment 28764.00 28626.00 Thousand Jul 2026
Productivity 120.02 119.59 points Jun 2026
Real Average Hourly Earnings MoM -0.10 0.70 percent Jul 2026
Real Average Hourly Earnings YoY -0.20 0.00 percent Jul 2026
U-6 Unemployment Rate 7.90 7.90 percent Jul 2026
Unemployed Persons 6916.00 7094.00 Thousand Jul 2026
Unemployment Rate 4.10 4.20 percent Jul 2026
Unit Labour Costs 1.30 1.30 percent Jun 2026
Wages 32.40 32.36 USD/Hour Jul 2026
Wages in Manufacturing 30.35 30.32 USD/Hour Jul 2026
Youth Unemployment Rate 8.50 9.20 percent Jul 2026


United States Average Hourly Earnings YoY
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.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.40 8.10 0.60 2007 - 2026 percent Monthly
SA