United States Average Hourly Earnings

Last Release

Mar 31, 2024

Actual

0.3

Units In

0.2

Frequency

Monthly

Next Release

May 03, 2024

Time to Release

26 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
4.6 Apr 2020	-1.3 Jun 2020	0.25 %	2006-2024	U.S. Bureau of Labor Statistics

In the United States, Average Hourly Earnings is the average amount employees make per hour in a given month. The Federal Reserve uses average hourly earnings in deciding whether to raise or lower interest rates.

Latest Updates

Average hourly earnings for all employees on US private nonfarm payrolls increased by 12 cents, or 0.3%, to $34.69 in March 2024, after an upwardly revised 0.2% rise in the prior month, in line with market forecasts. In March, average hourly earnings of private-sector production and nonsupervisory employees edged up by 7 cents, or 0.2 percent, to $29.79. Over the past 12 months, average hourly earnings have increased by 4.1% in March, following a 4.3% advance in the prior month and also matching market estimates.