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 | Oct 2024 | 30.47 | ±0.00 |
| 1 | Nov 2024 | 30.40 | ±0.023 |
| 2 | Dec 2024 | 30.49 | ±0.028 |
| 3 | Jan 2025 | 30.56 | ±0.031 |
| 4 | Feb 2025 | 30.49 | ±0.033 |
| 5 | Mar 2025 | 30.54 | ±0.034 |
| 6 | Apr 2025 | 30.59 | ±0.036 |
| 7 | May 2025 | 30.63 | ±0.037 |
| 8 | Jun 2025 | 30.72 | ±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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| November 20, 2024 | |
| Indicator | Value |
|---|---|
| S&P 500 | 5917.11 |
| U.S. GDP Growth, YoY % | 2.66 |
| U.S. Inflation Rate, % | 2.60 |
| Gold Price, $/oz-t | 2623.20 |
| Crude Oil Futures, $/bbl | 68.75 |
| U.S. 10 Year Treasury, % | 4.41 |