Average hourly earnings for all employees on US private nonfarm payrolls have increased by 3% yoy in September 2026, the least since May 2021, following a 3.1% advance in August and below the expected 3.2%. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings YoY in the United States decreased to 3 percent in September from 3.10 percent in August 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 October of 2026.

Average Hourly Earnings YoY in the United States decreased to 3 percent in September from 3.10 percent in August 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
2026-09-04 12:30 PM
Average Hourly Earnings YoY
Aug 3.1% 3.2% 3% 3.1%
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%


Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.10 0.30 percent Sep 2026
Average Hourly Earnings YoY 3.00 3.10 percent Sep 2026
Average Weekly Hours 34.40 34.40 Hours Sep 2026
Earnings Growth Expectations 2.60 2.90 percent Sep 2026
Employed Persons 163152.00 162746.00 Thousand Sep 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 59.20 59.10 percent Sep 2026
Full Time Employment 134376.00 134288.00 Thousand Sep 2026
Government Payrolls -17.00 44.00 Thousand Sep 2026
Job Layoffs and Discharges 1641.00 1702.00 Thousand Aug 2026
JOLTs Job Openings 7079.00 7335.00 Thousand Aug 2026
JOLTs Job Quits 3066.00 3089.00 Thousand Aug 2026
Job Quits Rate 1.90 1.90 Percent Aug 2026
Job Openings 7067.00 7855.00 Thousand Aug 2026
Participation Rate 61.80 61.60 percent Sep 2026
Labour Costs 123.98 123.62 points Jun 2026
Long Term Unemployment Rate 1.14 1.14 percent Sep 2026
Manufacturing Payrolls 9.00 15.00 Thousand Sep 2026
Non Farm Payrolls 29.00 133.00 Thousand Sep 2026
Nonfarm Payrolls Private 46.00 89.00 Thousand Sep 2026
Nonfarm Productivity 1.40 0.80 percent Jun 2026
Part Time Employment 28746.00 28541.00 Thousand Sep 2026
Productivity 120.02 119.59 points Jun 2026
Real Average Hourly Earnings MoM -0.50 -0.10 percent Sep 2026
Real Average Hourly Earnings YoY -0.70 -0.30 percent Sep 2026
U-6 Unemployment Rate 7.60 7.70 percent Sep 2026
Unemployed Persons 7109.00 7031.00 Thousand Sep 2026
Unemployment Rate 4.20 4.10 percent Sep 2026
Unit Labour Costs 1.20 1.30 percent Jun 2026
Wages 32.60 32.53 USD/Hour Sep 2026
Wages in Manufacturing 30.21 30.33 USD/Hour Sep 2026
Youth Unemployment Rate 9.90 9.10 percent Sep 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
3.00 3.10 8.10 0.60 2007 - 2026 percent Monthly
SA