United States Average Hourly Earnings

Last Release

Nov 30, 2024

Actual

0.4

Units In

0.4

Frequency

Monthly

Next Release

Jan 10, 2025

Time to Release

1 Months 2 Days 19 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 private nonfarm payrolls rose by 13 cents, or 0.4%, over a month to $35.61 in November 2024, the same pace as in October and slightly above market forecasts of a 0.3% increase. In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 9 cents, or 0.3%, to $30.57. Over the past 12 months, average hourly earnings have increased by 4% in November, matching October's rate and slightly surpassing market expectations of 3.9%.