United States Wages and Salaries Growth  Forecast


United States Wages and Salaries Growth
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.





Wage Growth in the United States is expected to be 3.66 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in the United States to stand at 4.18 in 12 months time. In the long-term, the United States Wages and Salaries Growth is projected to trend around 4.89 percent in 2020, according to our econometric models.


United States Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.1 4.1 4.2 4 4 4.5
Non Farm Payrolls 148 190 170 145 165 170
Nonfarm Payrolls Private 146 170 161 152 144 118
Government Payrolls 2 13.52 13.6 13.53 12 11
Manufacturing Payrolls 25 9.57 11.62 -4.09 10 -2
Initial Jobless Claims 261 258 268 277 285 330
Continuing Jobless Claims 1867 1888 1920 1950 1979 2184
ADP Employment Change 250 223 199 179 160 150
Employed Persons 154021 153947 153916 153890 153862 154000
Unemployed Persons 6576 6585 6656 6746 6841 7479
Average Hourly Earnings 0.3 0.22 0.2 0.19 0.19 0.19
Average Weekly Hours 34.5 34.47 34.46 34.44 34.43 34.38
Labor Force Participation Rate 62.7 62.69 62.7 62.71 62.72 62.8
Long Term Unemployment Rate 0.94 1.05 1.05 0.9 0.9 1.1
Youth Unemployment Rate 8.9 9.1 9.2 9.3 9.4 10.1
Labour Costs 108 108 109 108 108 108
Productivity 109 109 110 110 110 110
Job Vacancies 5661 5524 5380 5255 5142 4534
Job Offers 5879 5819 5750 5692 5640 5285
Challenger Job Cuts 32423 41481 48216 53009 62300 63500
Wages 22.3 22.49 22.87 23.35 23.8 26.5
Wages in Manufacturing 21.2 21.44 21.76 21.87 22.06 25.61
Wage Growth 3.22 3.66 3.86 4.03 4.18 4.89
Minimum Wages 7.25 7.25 7.25 7.25 7.25 7.75
Employment Cost Index 0.7 0.65 0.68 0.7 0.69 0.74
Population 324 328 328 328 328 332
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Employment Rate 60.1 60 60 60 60 60.2
Living Wage Family 2240 2178 2166 2154 2142 2167
Living Wage Individual 1540 1472 1478 1485 1492 1470
Part Time Employment 27257 27239 27234 27226 27218 27152
Full Time Employment 126723 126718 126688 126650 126611 126285
Wages Low Skilled 2090 1967 1907 1847 1786 1807
Wages High Skilled 4290 4101 4070 4039 4008 4064