United States Average Hourly Earnings

Last Release

Jun 30, 2024

Actual

0.3

Units In

0.4

Frequency

Monthly

Next Release

Aug 02, 2024

Time to Release

25 Days 2 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 10 cents, or 0.3%, to $35.00 in June 2024, following a 0.4% increase in the prior month and slightly below market forecasts of 0.4% gain. In June, average hourly earnings of private-sector production and nonsupervisory employees increased by 10 cents, or 0.3%, to $30.05. Over the past 12 months, average hourly earnings have increased by 3.9%, the least since June 2021, after a 4% advance in May, matching market estimates.