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United States Wage Growth

Price

Price
3.53 %
Change +/-
+0.25 %
Percentage Change
+7.62 %

The current value of the Wage Growth in United States is 3.53 %. The Wage Growth in United States increased to 3.53 % on 4/1/2026, after it was 3.28 % on 3/1/2026. From 1/1/1960 to 4/1/2026, the average GDP in United States was 6.14 %. The all-time high was reached on 4/1/2021 with 15.54 %, while the lowest value was recorded on 4/1/2020 with -6.12 %.

Source: U.S. Bureau of Economic Analysis

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Wage Growth

Wage Growth

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Wage Growth
Date
Wage Growth
Jan 1, 1960
7.05 %
Feb 1, 1960
6.79 %
Mar 1, 1960
5.94 %
Apr 1, 1960
5.57 %
May 1, 1960
4.95 %
Jun 1, 1960
4.28 %
Jul 1, 1960
4.68 %
Aug 1, 1960
5.21 %
Sep 1, 1960
5.13 %
Oct 1, 1960
5.29 %
Nov 1, 1960
3.97 %
Dec 1, 1960
1.48 %
Jan 1, 1961
1.25 %
Feb 1, 1961
0.95 %
Mar 1, 1961
1.17 %
Access this data via the Eulerpool API

Wage Growth History

Wage Growth — History
DateValue
3.53 %
3.28 %
3.48 %
3.88 %
3.68 %
4.07 %
4.36 %
4.81 %
4.71 %
4.71 %
...

Similar Macro Indicators to Wage Growth

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ADP Employment Change

Monthly

Current
109,000
Previous
61,000
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Announcements of Hiring Plans

Monthly

Current
10,049 Persons
Previous
32,826 Persons
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Average Hourly Earnings

Monthly

Current
0.2 %
Previous
0.2 %
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Average Hourly Earnings YoY

Monthly

Current
3.6 %
Previous
3.4 %
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Average Weekly Hours

Monthly

Current
34.3 Hours
Previous
34.2 Hours
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Cancellation rate

Monthly

Current
2 %
Previous
1.9 %
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Challenger Job Cuts

Monthly

Current
83,387 Persons
Previous
60,620 Persons
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Continued Jobless Claims

frequency_weekly

Current
1.786 M
Previous
1.771 M
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Employed persons

Monthly

Current
162.622 M
Previous
162.848 M
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Employment Cost Index

Quarter

Current
0.9 %
Previous
0.7 %
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Employment Cost Index Benefits

Quarter

Current
1.2 %
Previous
0.8 %
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Employment Cost Index Wages

Quarter

Current
0.8 %
Previous
0.7 %
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Employment rate

Monthly

Current
59.1 %
Previous
59.2 %
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Full-time employment

Monthly

Current
134.252 M
Previous
134.676 M
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Initial Jobless Claims

frequency_weekly

Current
215,000
Previous
210,000
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Job Opportunities

Monthly

Current
6.866 M
Previous
6.922 M
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Job Opportunities

Monthly

Current
6.685 M
Previous
6.679 M
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Job resignations

Monthly

Current
3.171 M
Previous
3.046 M
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Labor costs

Quarter

Current
122.553 points
Previous
121.721 points
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Labor force participation rate

Monthly

Current
61.8 %
Previous
61.9 %
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Layoffs and Terminations

Monthly

Current
1.867 M
Previous
1.714 M
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Long-term unemployment rate

Monthly

Current
1.08 %
Previous
1.07 %
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Manufacturing wages

Monthly

Current
-2,000
Previous
15,000
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Minimum Wages

Annually

Current
7.25 USD/Hour
Previous
7.25 USD/Hour
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Non-Agricultural Productivity QoQ

Quarter

Current
0.8 %
Previous
1.6 %
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Non-farm Payrolls

Monthly

Current
115,000
Previous
185,000
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Nonfarm Private Employment

Monthly

Current
123,000
Previous
190,000
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Part-time work

Monthly

Current
28.413 M
Previous
28.29 M
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Population

Annually

Current
342.28 M
Previous
340.97 M
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Productivity

Quarter

Current
119.576 points
Previous
119.35 points
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Retirement Age Men

Annually

Current
67 Years
Previous
66.83 Years
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Retirement Age Women

Annually

Current
67 Years
Previous
66.83 Years
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State payroll accounting

Monthly

Current
-8,000
Previous
-5,000
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U6 Unemployment Rate

Monthly

Current
8.2 %
Previous
8 %
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Unemployed Persons

Monthly

Current
7.373 M
Previous
7.239 M
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Unemployment Claims 4-Week Average

frequency_weekly

Current
209,000
Previous
202,750
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Unemployment Rate

Monthly

Current
4.3 %
Previous
4.3 %
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Unit Labor Costs QoQ

Quarter

Current
2.3 %
Previous
4.6 %
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Wages

Monthly

Current
32.23 USD/Hour
Previous
32.12 USD/Hour
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Wages in Manufacturing

Monthly

Current
30.1 USD/Hour
Previous
29.97 USD/Hour
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Youth Unemployment Rate

Monthly

Current
9.5 %
Previous
8.5 %

Wage Growth

In the United States, wage growth denotes the annual change in wage and salary disbursements across government, manufacturing, and service industries.

What is Wage Growth?

Wage Growth, a pivotal macroeconomic indicator, captures a crucial aspect of economic health and prosperity, illuminating the trends and dynamics in the labor market. At Eulerpool, a premier platform for displaying comprehensive macroeconomic data, we elucidate the multifaceted nature of wage growth and its profound impacts on the economy at large. Wage growth refers to the increase in workers' earnings over a period, usually expressed as a percentage change from the previous period. This metric encompasses various components, including hourly wages, salaried income, and other forms of compensation such as bonuses and benefits. At a fundamental level, wage growth epitomizes the rewards of labor, reflecting employers' compensation strategies and the overall demand for labor in the economy. Wage growth is of paramount importance to both economists and policymakers as it directly influences consumer spending, inflation, and, ultimately, economic growth. Analyzing wage growth provides critical insights into the financial well-being of households, the purchasing power of individuals, and the general standard of living within a society. When wages grow robustly, it typically signals a strong labor market where demand for workers is high, encouraging consumer confidence and spending. Conversely, sluggish wage growth may indicate underlying economic issues such as weak productivity, low demand for labor, or structural weaknesses within the economy. At Eulerpool, our approach to presenting wage growth data involves meticulous collation and analysis, ensuring that users receive accurate, timely, and relevant information. Wage growth is influenced by a myriad of factors, each interweaving to shape the broader economic landscape. Key determinants include productivity levels, inflation, labor market conditions, educational attainment, demographic changes, and government policies. Productivity levels play a critical role in wage growth. When workers become more productive—producing more goods and services per hour worked—employers are often willing to offer higher wages. This relationship underscores the importance of efficiency and innovation in driving economic prosperity. Higher productivity often translates into higher profits for businesses, thereby creating an economic environment where wage growth is not only possible but sustainable. Inflation is another vital determinant of wage growth. Inflation measures the rate at which the general price level of goods and services rises, eroding purchasing power. In response to rising inflation, workers typically demand higher wages to maintain their standard of living. Therefore, wage growth and inflation are closely intertwined. Policymakers closely monitor these dynamics to avoid potential pitfalls such as the wage-price spiral, where rising wages lead to higher costs for businesses, which in turn raise prices, prompting further wage demands. Labor market conditions, including unemployment rates and labor force participation rates, also significantly impact wage growth. A low unemployment rate often results in a tighter labor market where employers must compete for scarce talent, driving wages upward. Conversely, high unemployment can suppress wage growth as the supply of labor exceeds demand. Educational attainment is a pivotal factor influencing individual wage prospects. Higher levels of education often lead to better-paying jobs and increased opportunities for wage growth. Education enhances skills, knowledge, and productivity, which are highly valued in the labor market. Demographic changes, such as shifts in the age composition of the workforce, also influence wage growth. An aging population, for instance, may lead to labor shortages in certain sectors, driving up wages as employers seek to attract and retain experienced workers. Conversely, a younger workforce entering the labor market may initially experience lower wage growth as they gain experience and skills. Government policies have a profound impact on wage growth. Minimum wage laws, tax policies, labor market regulations, and social welfare programs all shape the economic environment in which wage growth occurs. For instance, policies aimed at increasing the minimum wage can directly boost earnings for lower-paid workers, though the broader economic impacts of such policies remain a subject of intense debate among economists. Understanding the dynamics of wage growth also involves considering sectoral variations. Different industries often experience disparate rates of wage growth due to varying degrees of productivity, demand, and competitive pressures. For example, high-tech industries may see rapid wage growth driven by strong demand for specialized skills, while traditional manufacturing sectors may face more modest increases. At Eulerpool, we stress the importance of examining wage growth in both nominal and real terms. Nominal wage growth refers to the increase in wages without adjusting for inflation, while real wage growth accounts for inflation, providing a more accurate picture of changes in purchasing power. Real wage growth is crucial for understanding whether workers are genuinely better off or merely keeping pace with rising costs. Our platform is designed to offer detailed analytics on wage growth, enabling users to delve into granular data and trend analyses. We provide visualizations, historical data comparisons, and forecasts to assist in economic planning and decision-making. Our comprehensive data coverage spans various countries, industries, and demographic groups, providing a nuanced understanding of wage growth patterns globally. In conclusion, wage growth is a vital macroeconomic indicator with far-reaching implications for economic stability, policy-making, and individual well-being. By closely monitoring and analyzing wage growth data, we gain insights into the health of the labor market and the broader economy. At Eulerpool, our commitment to delivering precise and insightful wage growth data ensures that users are well-equipped to navigate the complexities of the global economic landscape.

Wage Growth United States — FAQ

What is the current Wage Growth in United States?

The current Wage Growth in United States is 3.53% as of 4/1/2026.

How has the Wage Growth in United States changed recently?

The Wage Growth in United States increased from 3.28% (3/1/2026) to 3.53% (4/1/2026).

What is the all-time high for Wage Growth in United States?

The all-time high for Wage Growth in United States was 15.54%, recorded on 4/1/2021.

What is the all-time low for Wage Growth in United States?

The all-time low for Wage Growth in United States was -6.12%, recorded on 4/1/2020.

What is the historical average of Wage Growth in United States?

The historical average of Wage Growth in United States is 6.14%, calculated over the period from 1/1/1960 to 4/1/2026.

Where does the Wage Growth data for United States come from?

The Wage Growth data for United States is sourced from U.S. Bureau of Economic Analysis and published on Eulerpool.