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.