Average hourly earnings for all employees on private nonfarm payrolls rose by 4.9 year-on-year in October of 2021, in line with market expectations, following a 4.6 percent gain in the previous month. It was the strongest increase since February. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings YoY in the United States averaged 2.74 percent from 2007 until 2021, reaching an all time high of 8.20 percent in April of 2020 and a record low of 0.30 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 December of 2021.

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United States Average Hourly Earnings YoY

Calendar GMT Actual Previous Consensus TEForecast
2021-10-08 12:30 PM Sep 4.6% 4% 4.6% 4.7%
2021-11-05 12:30 PM Oct 4.9% 4.6% 4.9% 4.7%
2021-12-03 01:30 PM Nov 4.9% 5% 5%

Related Last Previous Unit Reference
Unemployment Rate 4.60 4.80 percent Oct/21
Non Farm Payrolls 531.00 312.00 Thousand Oct/21
Nonfarm Payrolls Private 604.00 365.00 Thousand Oct/21
Government Payrolls -73.00 -53.00 Thousand Oct/21
Manufacturing Payrolls 60.00 31.00 Thousand Oct/21
Average Hourly Earnings 0.40 0.60 percent Oct/21
Average Weekly Hours 34.70 34.80 Hours Oct/21
Labor Force Participation Rate 61.60 61.60 percent Oct/21
Average Hourly Earnings YoY 4.90 4.60 percent Oct/21
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.