United States Average Hourly Wages - Forecast

Wages in the United States is expected to be 22.77 USD/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in the United States to stand at 24.11 in 12 months time. In the long-term, the United States Average Hourly Wages is projected to trend around 25.90 USD/Hour in 2020, according to our econometric models.


United States Average Hourly Wages
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United States Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.1 4 4 3.9 3.8 4.2
Non Farm Payrolls 103 178 195 165 193 170
Nonfarm Payrolls Private 102 168 190 160 188 161
Government Payrolls 1 10 5 12 1 11
Manufacturing Payrolls 22 19 12.73 10 4.11 -2
Initial Jobless Claims 232 220 220 220 220 220
Continuing Jobless Claims 1863 1798 1778 1770 1766 1763
ADP Employment Change 241 212 193 160 163 150
Employed Persons 155178 156013 156270 156357 156371 154000
Unemployed Persons 6585 6846 6938 7023 7102 7758
Average Hourly Earnings 0.3 0.23 0.21 0.2 0.2 0.2
Average Weekly Hours 34.5 34.5 34.5 34.4 34.4 34.4
Labor Force Participation Rate 62.9 62.9 62.8 62.8 62.7 62.9
Long Term Unemployment Rate 0.82 1.05 0.8 0.8 0.9 1.1
Youth Unemployment Rate 8.5 9.1 9.2 9.3 9.3 10
Labour Costs 109 109 109 109 109 108
Productivity 109 109 109 109 109 109
Job Vacancies 5893 5353 5280 5201 5122 4470
Job Offers 6052 6010 5976 5923 5869 5396
Challenger Job Cuts 60357 47622 52487 62300 58521 63500
Wages 22.42 22.77 23.35 23.8 24.11 25.9
Wage Growth 4.47 4.52 4.51 4.51 4.51 4.51
Wages in Manufacturing 21.35 21.74 21.87 22.06 22.38 24.61
Minimum Wages 7.25 7.25 7.25 7.25 7.5 7.5
Employment Cost Index 0.6 0.64 0.65 0.65 0.66 0.71
Population 326 328 327 328 328 334
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Employment Rate 60.4 60.5 60.6 60.6 60.7 60.9
Full Time Employment 127434 128283 128393 128387 128338 127556
Part Time Employment 27858 27434 27418 27403 27388 27230
Living Wage Family 2240 2300 2300 2300 2380 2380
Living Wage Individual 1540 1478 1485 1492 1488 1469
Wages High Skilled 4290 4500 4500 4500 4550 4550
Wages Low Skilled 2090 2150 2150 2150 2150 2200