Average hourly earnings for all employees on private nonfarm payrolls in the US rose by 15 cents, or 0.5%, to $32.27 in July of 2022, following an upwardly revised 0.4% gain in the prior month and above market estimates of a 0.3% increase. In July, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $27.57. Over the past 12 months, average hourly earnings have increased by 5.2%, the same pace as in June and above market forecasts of a 4.9% rise. source: U.S. Bureau of Labor Statistics
Average Hourly Earnings in the United States averaged 0.24 percent from 2006 until 2022, reaching an all time high of 4.20 percent in April of 2020 and a record low of -1.20 percent in June of 2020. This page provides the latest reported value for - United States Average Hourly Earnings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Average Hourly Earnings MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Average Hourly Earnings in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Average Hourly Earnings MoM is projected to trend around 0.20 percent in 2023, according to our econometric models.