Real average hourly earnings for all US employees rose 1.2% year-on-year in January 2026, accelerating from a revised 1% growth in December. Real Average Hourly Earnings YoY in the United States averaged 0.63 percent from 2007 until 2026, reaching an all time high of 7.70 percent in April of 2020 and a record low of -3.40 percent in June of 2022. source: U.S. Bureau of Labor Statistics

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 MoM	0.30	-0.30	percent	Jan 2026
Unemployment Rate	4.30	4.40	percent	Jan 2026

United States Real Average Hourly Earnings YoY

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.