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.
Other Employment, Pay and Compensation Resources:
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| 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 |