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 | Dec 2020 | 25.03 | ±0.00 |
| 1 | Jan 2021 | 25.16 | ±0.023 |
| 2 | Feb 2021 | 25.20 | ±0.028 |
| 3 | Mar 2021 | 25.24 | ±0.031 |
| 4 | Apr 2021 | 25.32 | ±0.033 |
| 5 | May 2021 | 25.28 | ±0.034 |
| 6 | Jun 2021 | 25.20 | ±0.036 |
| 7 | Jul 2021 | 25.31 | ±0.037 |
| 8 | Aug 2021 | 25.47 | ±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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| January 14, 2021 | |
| Indicator | Value |
|---|---|
| S&P 500 | 3795.54 |
| U.S. GDP Growth, YoY % | -2.62 |
| U.S. Inflation Rate, % | 1.36 |
| Gold Price, $/oz-t | 1846.60 |
| Crude Oil Futures, $/bbl | 53.72 |
| U.S. 10 Year Treasury, % | 1.15 |