U.S. Hourly Wage Forecast
Below is a forecast of average hourly wages in the U.S. broken down by month. This forecast of hourly wages is based on prior values of hourly wages along with other employment indicators, inflation, and business indicators. Please see our methodology page for a better understanding of how this forecast is created.
Average Hourly Wage Forecast Values
U.S. Average Hourly Wages, Total Private. USD/Hour
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | Jun 2024 | 29.99 | ±0.00 |
| 1 | Jul 2024 | 30.16 | ±0.023 |
| 2 | Aug 2024 | 30.29 | ±0.028 |
| 3 | Sep 2024 | 30.41 | ±0.031 |
| 4 | Oct 2024 | 30.51 | ±0.033 |
| 5 | Nov 2024 | 30.57 | ±0.034 |
| 6 | Dec 2024 | 30.61 | ±0.036 |
| 7 | Jan 2025 | 30.65 | ±0.037 |
| 8 | Feb 2025 | 30.69 | ±0.038 |
Get the Rest of the Story with the 5 Year Forecast!
Chart of Hourly Pay with Forecast
Average Wages per hour. USD/Hr.
Other Employment, Pay and Compensation Resources:
A long range forecast for Hourly Pay and similar economic series is available by subscription. Click here for more information or to subscribe.
| July 26, 2024 | |
| Indicator | Value |
|---|---|
| S&P 500 | 5459.10 |
| U.S. GDP Growth, YoY % | 3.12 |
| U.S. Inflation Rate, % | 2.97 |
| Gold Price, $/oz-t | 2385.92 |
| Crude Oil Futures, $/bbl | 76.86 |
| U.S. 10 Year Treasury, % | 4.20 |