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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 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.

Chart of U.S. Employment Compensation with Forecast

Other Employment, Pay and Compensation Resources:

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Current Economic Indicators
April 11, 2024
Indicator Value
S&P 500 5199.06
U.S. GDP Growth, YoY % 3.13
U.S. Inflation Rate, % 3.48
Gold Price, $/oz-t 2377.00
Crude Oil Futures, $/bbl 85.58
U.S. 10 Year Treasury, % 4.56

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