Average Hourly Earnings measures the month-over-month change in the amount businesses pay for labor in the non-farm sector. It is a key leading indicator of consumer inflation because when businesses pay more for labor, they often pass those costs to consumers. It also provides insight into the purchasing power of households and the tightness of the labor market.
The data is derived from the establishment survey of the monthly employment report, covering approximately 119,000 businesses and government agencies. It is calculated by dividing total payrolls by total hours worked for all employees.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Oct 2, 2026 | — | 0.20 | — |
| Aug 7, 2026 | 0.10 | 0.30 | -0.20 |
| Jul 2, 2026 | 0.30 | 0.30 | 0.00 |
| Jun 5, 2026 | 0.21 | 0.30 | -0.09 |
| May 8, 2026 | 0.20 | 0.30 | -0.10 |
| Mar 6, 2026 | 0.32 | 0.30 | +0.02 |
| Feb 11, 2026 | 0.40 | 0.30 | +0.10 |
| Jan 9, 2026 | 0.05 | 0.30 | -0.25 |
| Dec 16, 2025 | 0.40 | 0.30 | +0.10 |
| Nov 20, 2025 | 0.41 | 0.30 | +0.11 |
| Sep 5, 2025 | 0.41 | 0.30 | +0.11 |
| Aug 1, 2025 | 0.30 | 0.30 | 0.00 |
| Jul 3, 2025 | 0.20 | 0.30 | -0.10 |
| Jun 6, 2025 | 0.40 | 0.30 | +0.10 |
| May 2, 2025 | 0.03 | 0.30 | -0.27 |
| Apr 4, 2025 | 0.47 | 0.30 | +0.17 |
| Mar 7, 2025 | 0.30 | 0.30 | 0.00 |
| Feb 7, 2025 | 0.42 | 0.30 | +0.12 |
| Jan 10, 2025 | 0.30 | 0.30 | 0.00 |
| Dec 6, 2024 | 0.40 | 0.30 | +0.10 |
| Nov 1, 2024 | 0.34 | 0.30 | +0.04 |
| Oct 4, 2024 | 0.40 | 0.30 | +0.10 |
| Sep 6, 2024 | 0.40 | 0.30 | +0.10 |
| Aug 2, 2024 | 0.20 | 0.30 | -0.10 |
| Jul 5, 2024 | 0.30 | 0.30 | 0.00 |
| Jun 7, 2024 | 0.40 | 0.30 | +0.10 |
| May 3, 2024 | 0.32 | 0.30 | +0.02 |
| Apr 5, 2024 | 0.38 | 0.30 | +0.08 |
| Mar 8, 2024 | 0.10 | 0.30 | -0.20 |
| Feb 2, 2024 | 0.52 | 0.30 | +0.22 |
| Jan 5, 2024 | 0.40 | 0.30 | +0.10 |
| Dec 8, 2023 | 0.40 | 0.30 | +0.10 |
| Nov 3, 2023 | 0.20 | 0.30 | -0.10 |
| Oct 6, 2023 | 0.20 | 0.30 | -0.10 |
| Sep 1, 2023 | 0.20 | 0.30 | -0.10 |
| Aug 4, 2023 | 0.40 | 0.30 | +0.10 |
| Jul 7, 2023 | 0.40 | 0.30 | +0.10 |
| Jun 2, 2023 | 0.30 | 0.30 | 0.00 |
| May 5, 2023 | 0.50 | 0.30 | +0.20 |
| Apr 7, 2023 | 0.30 | 0.30 | 0.00 |
| Mar 10, 2023 | 0.20 | 0.30 | -0.10 |
| Feb 3, 2023 | 0.30 | 0.30 | 0.00 |
| Jan 6, 2023 | 0.30 | 0.40 | -0.10 |
| Dec 2, 2022 | 0.60 | 0.30 | +0.30 |
| Nov 4, 2022 | 0.40 | 0.30 | +0.10 |
| Oct 7, 2022 | 0.30 | 0.30 | 0.00 |
| Sep 2, 2022 | 0.30 | 0.40 | -0.10 |
| Aug 5, 2022 | 0.50 | 0.30 | +0.20 |
| Jul 8, 2022 | 0.30 | 0.30 | 0.00 |
| Jun 3, 2022 | 0.30 | 0.40 | -0.10 |
| May 6, 2022 | 0.30 | 0.40 | -0.10 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jun 5, 2026 | 0.30 | 0.21 | -0.09 ↓ |
| Mar 6, 2026 | 0.40 | 0.32 | -0.08 ↓ |
| Jan 9, 2026 | 0.30 | 0.05 | -0.25 ↓ |
| Nov 20, 2025 | 0.20 | 0.41 | +0.21 ↑ |
| Sep 5, 2025 | 0.30 | 0.41 | +0.11 ↑ |
| May 2, 2025 | 0.20 | 0.03 | -0.17 ↓ |
| Apr 4, 2025 | 0.30 | 0.47 | +0.17 ↑ |
| Feb 7, 2025 | 0.50 | 0.42 | -0.08 ↓ |
| Nov 1, 2024 | 0.40 | 0.34 | -0.06 ↓ |
| May 3, 2024 | 0.20 | 0.32 | +0.12 ↑ |
