Average hourly earnings for all employees on US private nonfarm payrolls have increased by 3.1% yoy in October 2026, after an upwardly revised 3.2% advance and above analysts' forecasts of a 2.9% rise. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings YoY in the United States decreased to 3.10 percent in October from 3.20 percent in September 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 November of 2026.

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



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-02 12:30 PM
Average Hourly Earnings YoY
Sep 3% 3.1% 3.2% 3.1%
2026-11-06 01:30 PM
Average Hourly Earnings YoY
Oct 3.1% 3.2% 2.9% 3.0%
2026-12-04 01:30 PM
Average Hourly Earnings YoY
Nov 3.1%


Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.40 0.30 percent Oct 2026
Average Hourly Earnings YoY 3.10 3.20 percent Oct 2026
Average Weekly Hours 34.40 34.40 Hours Oct 2026
Earnings Growth Expectations 2.60 2.60 percent Oct 2026
Employed Persons 163615.00 163152.00 Thousand Oct 2026
Employment Cost Index 0.80 0.90 percent Sep 2026
Employment Cost - Benefits 0.90 1.00 percent Sep 2026
Employment Cost - Wages 0.70 0.90 percent Sep 2026
Employment Rate 59.30 59.20 percent Oct 2026
Full Time Employment 135090.00 134376.00 Thousand Oct 2026
Government Payrolls 6.00 -18.00 Thousand Oct 2026
Job Layoffs and Discharges 1641.00 1768.00 Thousand Sep 2026
JOLTs Job Openings 7523.00 7190.00 Thousand Sep 2026
JOLTs Job Quits 3365.00 3044.00 Thousand Sep 2026
Job Quits Rate 2.10 1.90 Percent Sep 2026
Job Openings 7531.00 7147.00 Thousand Sep 2026
Participation Rate 61.90 61.80 percent Oct 2026
Labour Costs 124.39 124.60 points Sep 2026
Long Term Unemployment Rate 1.15 1.14 percent Oct 2026
Manufacturing Payrolls 19.00 13.00 Thousand Oct 2026
Non Farm Payrolls 165.00 60.00 Thousand Oct 2026
Nonfarm Payrolls Private 159.00 78.00 Thousand Oct 2026
Nonfarm Productivity 3.60 2.10 percent Sep 2026
Part Time Employment 28504.00 28746.00 Thousand Oct 2026
Productivity 121.92 120.86 points Sep 2026
Real Average Hourly Earnings MoM 0.00 -0.40 percent Oct 2026
Real Average Hourly Earnings YoY -0.50 -0.30 percent Sep 2026
U-6 Unemployment Rate 7.90 7.60 percent Oct 2026
Unemployed Persons 7068.00 7109.00 Thousand Oct 2026
Unemployment Rate 4.10 4.20 percent Oct 2026
Unit Labour Costs -0.70 1.90 percent Sep 2026
Wages 32.75 32.63 USD/Hour Oct 2026
Wages in Manufacturing 30.38 30.38 USD/Hour Oct 2026
Youth Unemployment Rate 9.30 9.90 percent Oct 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
3.10 3.20 8.10 0.60 2007 - 2026 percent Monthly
SA