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 | Mar 2024 | 29.77 | ±0.00 |
| 1 | Apr 2024 | 29.85 | ±0.023 |
| 2 | May 2024 | 29.91 | ±0.028 |
| 3 | Jun 2024 | 29.84 | ±0.031 |
| 4 | Jul 2024 | 29.93 | ±0.033 |
| 5 | Aug 2024 | 29.97 | ±0.034 |
| 6 | Sep 2024 | 30.01 | ±0.036 |
| 7 | Oct 2024 | 30.05 | ±0.037 |
| 8 | Nov 2024 | 30.02 | ±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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| April 18, 2024 | |
| Indicator | Value |
|---|---|
| S&P 500 | 5011.12 |
| U.S. GDP Growth, YoY % | 3.13 |
| U.S. Inflation Rate, % | 3.48 |
| Gold Price, $/oz-t | 2379.05 |
| Crude Oil Futures, $/bbl | 82.52 |
| U.S. 10 Year Treasury, % | 4.64 |