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United States Average Hourly Earnings
Last Release
Feb 28, 2023
Actual
0.2
Units In
%
Previous
0.3
Frequency
Monthly
Next Release
Apr 07, 2023
Time to Release
8 Days 11 Hours
Highest | Lowest | Average | Date Range | Source |
4.6 Apr 2020 | -1.3 Jun 2020 | 0.24 % | 2006-2023 | 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 rose by 8 cents, or 0.2%, to $33.09 in February 2023, while markets had expected them to remain at 0.3%. This was the smallest growth in average hourly earnings in a year. Average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5%, to $28.42. Over the past 12 months, average hourly earnings have increased by 4.6%, up from 4.4% in the prior month but slightly below market forecasts of a 4.7% rise.
United States Average Hourly Earnings History
Last 12 readings