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| |4.20% | | |4.20% |
| |} | | |} |
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| === February 2023<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref> ===
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|
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| * 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. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref> The most recent high was 5.9% on March 2022.
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| * In February, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2 percent, to $33.09
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| * In February, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.42
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| *
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|
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| === March 2023 ===
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| * In March, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $33.18.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>
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| * 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. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref>
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| * In March, average hourly earnings of private-sector production and nonsupervisory employees rose by 9 cents, or 0.3 percent, to $28.50. <ref>https://www.bls.gov/news.release/empsit.t19.htm</ref>
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|
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| === April 2023 ===
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|
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| * 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
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| * Over the past 12 months, average hourly earnings have increased by 4.4 percent. Exceeding the 4.2% estimate
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| * In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.62.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>
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|
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| === May 2023 ===
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| 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.
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| * In May, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents, or 0.3 percent, to $33.44. .
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| * Over the past 12 months, average hourly earnings have increased by 4.3 percent.
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| * n May, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.75.<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>
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|
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| === '''June 2023''' ===
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| 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. <ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>
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| * 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.
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| * In June, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.83.
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|
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| === July 2023 ===
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| 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.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>
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|
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| * In July, average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents, or 0.4 percent, to $33.74.
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| * In July, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.96.
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|
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| === August 2023 ===
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| Over the past 12 months, average hourly earnings have increased by 4.3
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| percent.
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|
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| * In August, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents,or 0.2 percent, to $33.82.<ref name=":0">https://www.bls.gov/news.release/empsit.nr0.htm</ref>
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| * In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2 percent, to $29.00.
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|
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| === September 2023 ===
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| Over the past 12 months, average hourly earnings have increased by 4.2 percent. In September
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|
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| * In September, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents, or 0.2 percent, to $33.88.
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| * Average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2 percent, to $29.06
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|
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| === October 2023 ===
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| Over the past 12 months, average hourly earnings have
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| increased by 4.1 percent.
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|
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| * In October, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents, or 0.2 percent, to $34.00.
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|
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| * In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.3 percent, to $29.19.<ref name=":0" />
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|
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| === November 2023 ===
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| Over the past 12 months, average hourly earnings have increased by 4.0 percent.
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|
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| * In November, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4 percent, to $34.10.<ref name=":0" />
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| * In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents, or 0.4 percent, to $29.30.
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|
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| === December 2023 === | | === December 2023 === |
| Over the past 12 months, average hourly | | Over the past 12 months, average hourly |
| earnings have increased by 4.1 percent. <ref name=":0" /> | | earnings have increased by 4.1 percent. <ref name=":0">https://www.bls.gov/news.release/empsit.nr0.htm</ref> |
|
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| * 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 for all employees on private nonfarm payrolls rose by 15 cents, or 0.4 percent, to $34.27. |
