Average hourly earnings for all employees on US private nonfarm payrolls have increased by 3.7% year-on-year in January 2026, matching December's revised reading and slightly above market forecasts of a 3.6% rise. source: U.S. Bureau of Labor Statistics

Average Hourly Earnings YoY in the United States remained unchanged at 3.70 percent in January. Average Hourly Earnings YoY in the United States averaged 3.15 percent from 2007 until 2026, reaching an all time high of 8.10 percent in April of 2020 and a record low of 0.60 percent in April of 2021. This page includes a chart with historical data for the United States Average Hourly Earnings YoY. United States Average Hourly Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Average Hourly Earnings YoY in the United States remained unchanged at 3.70 percent in January. Average Hourly Earnings YoY in the United States is expected to be 3.40 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 YoY is projected to trend around 3.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 01:30 PM
Average Hourly Earnings YoY
Dec 3.8% 3.6% 3.6% 3.5%
2026-02-11 01:30 PM
Average Hourly Earnings YoY
Jan 3.7% 3.7% 3.6% 3.8%
2026-03-06 01:30 PM
Average Hourly Earnings YoY
Feb 3.7% 3.7% 3.6%


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 Cost - Benefits 0.70 0.80 percent Dec 2025
Employment Cost - Wages 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
Job Layoffs and Discharges 1762.00 1701.00 Thousand Dec 2025
JOLTs Job Openings 6542.00 6928.00 Thousand Dec 2025
JOLTs Job Quits 3204.00 3193.00 Thousand Dec 2025
Job Quits Rate 2.00 2.00 Percent Dec 2025
Job Openings 6038.00 6574.00 Thousand Dec 2025
Participation Rate 62.50 62.40 percent Jan 2026
Labour Costs 122.55 121.72 points Dec 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
Nonfarm Productivity 2.80 5.20 percent Dec 2025
Part Time Employment 28743.00 28712.00 Thousand Jan 2026
Productivity 119.64 118.81 points Dec 2025
Real Average Hourly Earnings MoM 0.30 -0.30 percent Jan 2026
Real Average Hourly Earnings YoY 1.20 1.00 percent Jan 2026
U-6 Unemployment Rate 8.00 8.40 percent Jan 2026
Unemployed Persons 7362.00 7503.00 Thousand Jan 2026
Unemployment Rate 4.30 4.40 percent Jan 2026
Unit Labour Costs 2.80 -1.80 percent Dec 2025
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 YoY
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
3.70 3.70 8.10 0.60 2007 - 2026 percent Monthly
SA