United States Average Hourly Earnings

Average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3% over a month, to $35.69 in December 2024, following a 0.4% increase in November, matching market forecasts. In December, average hourly earnings of private-sector production and nonsupervisory employees, at $30.62, were little changed (+6 cents). Over the past 12 months, average hourly earnings have increased by 3.9% in December, following a 4% rise in the prior month and slightly below market estimates of a 4% gain.