Average hourly earnings for all employees on US private nonfarm payrolls increased by 14 cents, or 0.4%, to $34.91 in May 2024, faster than a 0.2% rise in April and above market forecasts of a 0.3% gain. It was the biggest increase in wages in four months. In May, average hourly earnings of private-sector production and nonsupervisory employees increased by 14 cents, or 0.5%, to $29.99. Over the past 12 months, average hourly earnings have increased by 4.1% in May, following an upwardly revised 4% rise in April and also surpassing market estimates of a 3.9% advance. source: U.S. Bureau of Labor Statistics
Average Hourly Earnings in the United States increased 0.40 percent in May of 2024 over the previous month. Average Hourly Earnings in the United States averaged 0.25 percent from 2006 until 2024, reaching an all time high of 4.30 percent in April of 2020 and a record low of -1.10 percent in June of 2020. This page provides the latest reported value for - United States Average Hourly Earnings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Average Hourly Earnings MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2024.
Average Hourly Earnings in the United States increased 0.40 percent in May of 2024 over the previous month. Average Hourly Earnings in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.