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 | Jan 2020 | 23.95 | ±0.00 |
| 1 | Feb 2020 | 24.00 | ±0.023 |
| 2 | Mar 2020 | 24.02 | ±0.028 |
| 3 | Apr 2020 | 24.04 | ±0.031 |
| 4 | May 2020 | 23.97 | ±0.033 |
| 5 | Jun 2020 | 23.96 | ±0.034 |
| 6 | Jul 2020 | 24.02 | ±0.036 |
| 7 | Aug 2020 | 24.03 | ±0.037 |
| 8 | Sep 2020 | 24.26 | ±0.038 |
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Chart of Hourly Pay with Forecast
Average Wages per hour. USD/Hr.
Other Employment, Pay and Compensation Resources:
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| February 20, 2020 | |
| Indicator | Value |
|---|---|
| S&P 500 | 3373.23 |
| U.S. GDP Growth, % | 2.32 |
| U.S. Inflation Rate, % | 2.49 |
| Gold Price, $/oz t | 1619.20 |
| Crude Oil Futures, $/bbl | 53.73 |
| U.S. 10 Year Treasury, % | 1.52 |