United States Average Hourly Earnings

Last Release

Oct 31, 2024

Actual

0.4

Units In

0.3

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

1 Months 2 Days 10 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 rose by 13 cents, or 0.4%, over a month to $35.46 in October 2024, slightly above forecasts of a 0.3% increase and following a revised 0.3% gain in the prior month. In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents, or 0.4%, to $30.48. Over the past 12 months, average hourly earnings have increased by 4% in October, in line with market estimates and after a downwardly revised 3.9% advance in the prior month.