Minimum Wages in the United States remained unchanged at 7.25 USD/Hour in 2020 from 7.25 USD/Hour in 2019.

Minimum Wages in the United States averaged 3.13 USD/Hour from 1938 until 2020, reaching an all time high of 7.25 USD/Hour in 2009 and a record low of 0.25 USD/Hour in 1938. This page provides - United States Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Federal Minimum Hourly Wage - values, historical data and charts - was last updated on October of 2020. source: Department of Labor

Minimum Wages in the United States is expected to reach 7.25 USD/Hour by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Minimum Hourly Wage is projected to trend around 9.00 USD/Hour in 2021 and 11.00 USD/Hour in 2022, according to our econometric models.

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United States Federal Minimum Hourly Wage

Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.25 7.25 0.25 1938 - 2020 USD/Hour Yearly

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.40 14.70 2.50 percent [+]
Non Farm Payrolls 661.00 1489.00 4781.00 -20787.00 Thousand [+]
Nonfarm Payrolls Private 877.00 1022.00 4729.00 -19835.00 Thousand [+]
Government Payrolls -216.00 467.00 467.00 -952.00 Thousand [+]
Manufacturing Payrolls 66.00 36.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 898.00 845.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 10018.00 11183.00 24912.00 988.00 Thousand [+]
ADP Employment Change 749.00 481.00 4485.00 -19409.00 Thousand [+]
Employed Persons 147563.00 147288.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 12580.00 13550.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.30 4.70 -1.30 percent [+]
Average Weekly Hours 34.70 34.60 34.70 33.70 Hours [+]
Labor Force Participation Rate 61.40 61.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.94 0.87 4.40 0.08 percent [+]
Youth Unemployment Rate 14.70 18.60 27.40 4.80 percent [+]
Labour Costs 116.86 114.37 116.86 17.00 points [+]
Productivity 110.95 108.31 110.95 25.99 points [+]
Job Vacancies 6645.00 6949.00 7746.00 2157.00 Thousand [+]
Job Offers 6493.00 6697.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 118804.00 115762.00 671129.00 15100.00 Persons [+]
Wages 24.79 24.78 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.95 22.73 22.95 1.27 USD/Hour [+]
Wage Growth -0.45 -1.27 13.78 -7.00 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.80 2.00 0.20 percent [+]
Population 329.13 327.17 329.13 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 56.60 56.50 64.70 51.30 percent [+]
Full Time Employment 122423.00 122369.00 131755.00 64640.00 Thousand [+]
Part Time Employment 25161.00 24973.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 866.25 858.25 5790.25 179.00 Thousand [+]


United States Federal Minimum Hourly Wage
In the United States, the federal minimum wage is the lowest wage rate that an employer can pay per hour to workers covered by the minimum wage law (the FLSA). The FLSA applies to: employees of federal, state or local government agencies, hospitals and schools, and generally to domestic workers; employees of enterprises that have annual gross volume of sales of at least $500,000; employees of smaller firms if they are engaged in interstate commerce or in the production of goods for commerce. Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher minimum wage rate. .