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 | Aug 2022 | 27.52 | ±0.00 |
| 1 | Sep 2022 | 27.62 | ±0.023 |
| 2 | Oct 2022 | 27.69 | ±0.028 |
| 3 | Nov 2022 | 27.76 | ±0.031 |
| 4 | Dec 2022 | 27.84 | ±0.033 |
| 5 | Jan 2023 | 27.88 | ±0.034 |
| 6 | Feb 2023 | 27.96 | ±0.036 |
| 7 | Mar 2023 | 28.03 | ±0.037 |
| 8 | Apr 2023 | 28.14 | ±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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| September 23, 2022 | |
| Indicator | Value |
|---|---|
| S&P 500 | 3693.23 |
| U.S. GDP Growth, YoY % | 1.71 |
| U.S. Inflation Rate, % | 8.26 |
| Gold Price, $/oz-t | 1644.40 |
| Crude Oil Futures, $/bbl | 79.43 |
| U.S. 10 Year Treasury, % | 3.69 |