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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 2022 28.01 ±0.00
1 Jan 2023 28.13 ±0.023
2 Feb 2023 28.20 ±0.028
3 Mar 2023 28.26 ±0.031
4 Apr 2023 28.43 ±0.033
5 May 2023 28.37 ±0.034
6 Jun 2023 28.47 ±0.036
7 Jul 2023 28.52 ±0.037
8 Aug 2023 28.59 ±0.038

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Chart of Hourly Pay with Forecast

Average Wages per hour. USD/Hr.

Chart of U.S. Employment Compensation with Forecast

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Current Economic Indicators
January 26, 2023
Indicator Value
S&P 500 4060.43
U.S. GDP Growth, YoY % 0.96
U.S. Inflation Rate, % 6.45
Gold Price, $/oz-t 1928.80
Crude Oil Futures, $/bbl 81.01
U.S. 10 Year Treasury, % 3.49

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