Real average hourly earnings for all US employees rose 0.3% month-on-month in January 2026, following a revised 0.3% fall in December. Figures for October and November were unavailable due to last fall’s federal government shutdown. source: U.S. Bureau of Labor Statistics

Real Average Hourly Earnings MoM in the United States averaged 0.05 percent from 2006 until 2026, reaching an all time high of 5.30 percent in April of 2020 and a record low of -1.60 percent in June of 2020. United States Real Average Hourly Earnings MoM - values, historical data and charts - was last updated on February of 2026.

Related	Last	Previous	Unit	Reference
Average Hourly Earnings MoM	0.40	0.10	percent	Jan 2026
Average Hourly Earnings YoY	3.70	3.70	percent	Jan 2026
CPI s.a	326.59	326.03	points	Jan 2026
Inflation Rate YoY	2.40	2.70	percent	Jan 2026
Non Farm Payrolls	130.00	48.00	Thousand	Jan 2026
Real Average Hourly Earnings YoY	1.20	1.00	percent	Jan 2026
Unemployment Rate	4.30	4.40	percent	Jan 2026

United States Real Average Hourly Earnings MoM

US Real Average Hourly Earnings measure the inflation-adjusted hourly pay of workers, calculated by taking average hourly earnings from the Bureau of Labor Statistics’ Current Employment Statistics (CES) survey and converting them into constant dollars. The adjustment for inflation is done using the Consumer Price Index for All Urban Consumers (CPI-U), produced by the Consumer Price Indexes Program. This deflation process shows how workers’ earnings change in terms of actual purchasing power rather than just nominal dollar amounts.