Average hourly earnings for all employees on US private nonfarm payrolls rose by 15 cents, or 0.4%, over a month to $37.17 in January 2026, after a downwardly revised 0.1% increase in December and slightly above analysts' estimates of a 0.3% gain. In January, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents, or 0.4%, to $31.95. Over the past 12 months, average hourly earnings have increased by 3.7%, matching December's revised reading and above market forecasts of a 3.6% rise. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings in the United States increased 0.40 percent in January of 2026 over the previous month. Average Hourly Earnings in the United States averaged 0.26 percent from 2006 until 2026, reaching an all time high of 4.60 percent in April of 2020 and a record low of -1.10 percent in May 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 February of 2026.

Average Hourly Earnings in the United States increased 0.40 percent in January of 2026 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. In the long-term, the United States Average Hourly Earnings MoM is projected to trend around 0.40 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 01:30 PM
Average Hourly Earnings MoM
Dec 0.3% 0.2% 0.3% 0.2%
2026-02-11 01:30 PM
Average Hourly Earnings MoM
Jan 0.4% 0.1% 0.3% 0.3%
2026-03-06 01:30 PM
Average Hourly Earnings MoM
Feb 0.4%


Related Last Previous Unit Reference
Average Hourly Earnings MoM 0.40 0.10 percent Jan 2026
Average Hourly Earnings YoY 3.70 3.70 percent Jan 2026
Average Weekly Hours 34.30 34.20 Hours Jan 2026
Earnings Growth Expectations 2.70 2.50 percent Jan 2026
Employed Persons 164520.00 163992.00 Thousand Jan 2026
Employment Cost Index 0.70 0.80 percent Dec 2025
Employment Rate 59.80 59.70 percent Jan 2026
Full Time Employment 135797.00 135215.00 Thousand Jan 2026
Government Payrolls -42.00 -16.00 Thousand Jan 2026
JOLTs Job Openings 6542.00 6928.00 Thousand Dec 2025
Job Openings 6038.00 6574.00 Thousand Dec 2025
Participation Rate 62.50 62.40 percent Jan 2026
Labour Costs 121.64 122.23 points Sep 2025
Long Term Unemployment Rate 1.07 1.14 percent Jan 2026
Manufacturing Payrolls 5.00 -8.00 Thousand Jan 2026
Non Farm Payrolls 130.00 48.00 Thousand Jan 2026
Nonfarm Payrolls Private 172.00 64.00 Thousand Jan 2026
Part Time Employment 28743.00 28712.00 Thousand Jan 2026
Productivity 117.97 116.55 points Sep 2025
Real Average Hourly Earnings MoM 0.00 -0.10 percent Dec 2025
Real Average Hourly Earnings YoY 1.10 0.90 percent Dec 2025
Unemployed Persons 7362.00 7503.00 Thousand Jan 2026
Unemployment Rate 4.30 4.40 percent Jan 2026
Wages 31.95 31.83 USD/Hour Jan 2026
Wages in Manufacturing 29.63 29.52 USD/Hour Jan 2026
Youth Unemployment Rate 9.00 10.40 percent Jan 2026


United States Average Hourly Earnings MoM
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 4.60 -1.10 2006 - 2026 percent Monthly
Current Prices, SA

News Stream
US Wage Growth Slightly Above Forecasts
Average hourly earnings for all employees on US private nonfarm payrolls rose by 15 cents, or 0.4%, over a month to $37.17 in January 2026, after a downwardly revised 0.1% increase in December and slightly above analysts' estimates of a 0.3% gain. In January, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents, or 0.4%, to $31.95. Over the past 12 months, average hourly earnings have increased by 3.7%, matching December's revised reading and above market forecasts of a 3.6% rise.
2026-02-11
US Wages Edge Up 0.3% MoM, as Forecast
Average hourly earnings for all employees on US private nonfarm payrolls rose by 12 cents, or 0.3%, over a month to $37.02 in December 2025, after an upwardly revised 0.2% increase in November, matching market forecasts. In December, average hourly earnings of private-sector production and nonsupervisory employees, at $31.76, changed little (+3 cents). Over the past 12 months, average hourly earnings have increased by 3.8% in December, the most in four months, following an upwardly revised 3.6% gain in November and surpassing market estimates of a 3.6% rise.
2026-01-09
US Wages Growth Below Forecasts at Over 2-Year Low
Average hourly earnings for all employees on US private nonfarm payrolls edged up by 5 cents, or 0.1%, over a month to $36.86 in November 2025, following a 0.4% rise in October and below market forecasts of 0.3%. This was the smallest increase in wages since August 2023. In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.3%, to $31.76. Over the past 12 months, average hourly earnings have increased by 3.5% in November, marking the slowest increase since May 2021, down from 3.7% in October.
2025-12-16