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 2020 | 24.58 | ±0.00 |
| 1 | Jul 2020 | 24.38 | ±0.023 |
| 2 | Aug 2020 | 24.40 | ±0.028 |
| 3 | Sep 2020 | 24.35 | ±0.031 |
| 4 | Oct 2020 | 24.43 | ±0.033 |
| 5 | Nov 2020 | 24.39 | ±0.034 |
| 6 | Dec 2020 | 24.44 | ±0.036 |
| 7 | Jan 2021 | 24.57 | ±0.037 |
| 8 | Feb 2021 | 24.66 | ±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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| August 04, 2020 | |
| Indicator | Value |
|---|---|
| S&P 500 | 3306.51 |
| U.S. GDP Growth, YoY % | -9.54 |
| U.S. Inflation Rate, % | 0.65 |
| Gold Price, $/oz-t | 2019.40 |
| Crude Oil Futures, $/bbl | 41.53 |
| U.S. 10 Year Treasury, % | 0.52 |