United States Average Hourly Earnings

Last Release

Feb 28, 2023

Actual

0.2

Units In

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.