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United States Average Hourly Earnings

Last Release
Mar 31, 2024
Actual
0.3
Units In
%
Previous
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 %2006-2024U.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.

United States Average Hourly Earnings History

Last 12 readings

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