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 | Apr 2023 | 28.86 | ±0.00 |
| 1 | May 2023 | 28.77 | ±0.023 |
| 2 | Jun 2023 | 28.90 | ±0.028 |
| 3 | Jul 2023 | 29.09 | ±0.031 |
| 4 | Aug 2023 | 29.18 | ±0.033 |
| 5 | Sep 2023 | 29.24 | ±0.034 |
| 6 | Oct 2023 | 29.15 | ±0.036 |
| 7 | Nov 2023 | 29.24 | ±0.037 |
| 8 | Dec 2023 | 29.45 | ±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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| May 29, 2023 | |
| Indicator | Value |
|---|---|
| S&P 500 | 4205.45 |
| U.S. GDP Growth, YoY % | 1.62 |
| U.S. Inflation Rate, % | 4.93 |
| Gold Price, $/oz-t | 1944.30 |
| Crude Oil Futures, $/bbl | 73.04 |
| U.S. 10 Year Treasury, % | 3.80 |