Average Hourly Earnings: 2023
Jump to navigation
Jump to search
Developments
February 2023[1]
- The trend has been slowing recently, recent labor data shows Average hourly earnings for all employees on US private nonfarm payrolls increased by 4.6% year-on-year in February 2023, up from 4.4% in the prior month but slightly below market forecasts of a 4.7% rise. [2] The most recent high was 5.9% on March 2022.
- In February, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2 percent, to $33.09
- In February, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.42
March 2023
- In March, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $33.18.[3]
- Over the past 12 months, average hourly earnings have increased by 4.2 percent. Down from 4.6% in the prior month and slightly below market forecasts of a 4.3% rise. [4]
- In March, average hourly earnings of private-sector production and nonsupervisory employees rose by 9 cents, or 0.3 percent, to $28.50. [5]
April 2023
- In April, average hourly earnings for all employees on private nonfarm payrolls rose by 16 cents, or 0.5 percent, to $33.36. Above the 0.3% estimate
- Over the past 12 months, average hourly earnings have increased by 4.4 percent. Exceeding the 4.2% estimate
- In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.62.[6]
May 2023
Average hourly earnings rose 0.3% in May after a downwardly revised 0.4% a month earlier. From a year ago, they were up 4.3%, matching the smallest increase since mid-2021.
- In May, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents, or 0.3 percent, to $33.44. .
- Over the past 12 months, average hourly earnings have increased by 4.3 percent.
- n May, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.75.[7]
June 2023
Over the past 12 months, average hourly earnings have increased by 4.4% in June, the same pace as in May and slightly above market expectations of a 4.2% rise. [8]
- Average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4%, to $33.58 in June 2023, matching May's advance but slightly above market expectations of a 0.3% increase.
- In June, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.83.
July 2023
Over the past 12 months, average hourly earnings have increased by 4.4 percent, above market expectations of a 4.2% growth rate, and unchanged from June.[9]
- In July, average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents, or 0.4 percent, to $33.74.
- In July, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.96.
August 2023
Over the past 12 months, average hourly earnings have increased by 4.3 percent.
- In August, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents,or 0.2 percent, to $33.82.[10]
- In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2 percent, to $29.00.
September 2023
Over the past 12 months, average hourly earnings have increased by 4.2 percent. In September
- In September, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents, or 0.2 percent, to $33.88.
- Average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2 percent, to $29.06
October 2023
Over the past 12 months, average hourly earnings have increased by 4.1 percent.
- In October, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents, or 0.2 percent, to $34.00.
- In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.3 percent, to $29.19.[10]
November 2023
Over the past 12 months, average hourly earnings have increased by 4.0 percent.
- In November, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4 percent, to $34.10.[10]
- In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents, or 0.4 percent, to $29.30.
December 2023
Over the past 12 months, average hourly earnings have increased by 4.1 percent. [10]
- In December, average hourly earnings for all employees on private nonfarm payrolls rose by 15 cents, or 0.4 percent, to $34.27.
- In December, average hourly earnings ofprivate-sector production and nonsupervisory employees rose by 10 cents, or 0.3 percent, to $29.42.
References
- ↑ https://www.bls.gov/news.release/pdf/empsit.pdf
- ↑ https://tradingeconomics.com/united-states/average-hourly-earnings-yoy
- ↑ https://www.bls.gov/news.release/empsit.nr0.htm
- ↑ https://tradingeconomics.com/united-states/average-hourly-earnings-yoy
- ↑ https://www.bls.gov/news.release/empsit.t19.htm
- ↑ https://www.bls.gov/news.release/empsit.nr0.htm
- ↑ https://www.bls.gov/news.release/pdf/empsit.pdf
- ↑ https://www.bls.gov/news.release/empsit.nr0.htm
- ↑ https://www.bls.gov/news.release/empsit.nr0.htm
- ↑ 10.0 10.1 10.2 10.3 https://www.bls.gov/news.release/empsit.nr0.htm