Labor Marketmonthly
Avg Hourly Earnings (Private)
Average hourly earnings for all private employees, wage growth tracker.
The Avg Hourly Earnings (Private) is currently $37.41, last updated .
$37.41
1W +0.16%1M +0.16%3M +0.16%
Updated 2h agoStatistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Avg Hourly Earnings (Private), blended across current macro regimes.
Start here
The labor market is the backbone of the consumer economy. Rising jobless claims and a climbing unemployment rate are classic late-cycle signals that precede recessions and rate cuts. The Fed has a dual mandate, maximum employment and stable prices, so labor data directly influences the path of monetary policy.
Updated 2h ago
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Apr 1, 2026 | $37.41 | +0.16% |
| Mar 1, 2026 | $37.35 | +0.21% |
| Feb 1, 2026 | $37.27 | +0.32% |
| Jan 1, 2026 | $37.15 | +0.35% |
| Dec 1, 2025 | $37.02 | +0.05% |
| Nov 1, 2025 | $37 | +0.41% |
| Oct 1, 2025 | $36.85 | +0.41% |
| Sep 1, 2025 | $36.7 | +0.22% |
| Aug 1, 2025 | $36.62 | +0.41% |
| Jul 1, 2025 | $36.47 | +0.30% |
| Jun 1, 2025 | $36.36 | +0.22% |
| May 1, 2025 | $36.28 | +0.44% |
| Apr 1, 2025 | $36.12 | +0.03% |
| Mar 1, 2025 | $36.11 | +0.47% |
| Feb 1, 2025 | $35.94 | +0.28% |
| Jan 1, 2025 | $35.84 | +0.42% |
| Dec 1, 2024 | $35.69 | +0.25% |
| Nov 1, 2024 | $35.6 | +0.39% |
| Oct 1, 2024 | $35.46 | +0.34% |
| Sep 1, 2024 | $35.34 | +0.34% |
| Aug 1, 2024 | $35.22 | +0.40% |
| Jul 1, 2024 | $35.08 | +0.20% |
| Jun 1, 2024 | $35.01 | +0.34% |
| May 1, 2024 | $34.89 | — |
Related in Labor Market
Unemployment Rate (U3)
Headline unemployment rate, percentage of the labor force without jobs.
Underemployment Rate (U6)
Broadest unemployment measure including discouraged and part-time workers.
Initial Jobless Claims
Weekly first-time unemployment insurance claims, the highest-frequency labor indicator.
Initial Claims 4-Week MA
Smoothed jobless claims average, removes weekly volatility.
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Forecast 2026
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Frequently Asked Questions
▶What is Avg Hourly Earnings (Private)?
Average hourly earnings for all private employees, wage growth tracker.
▶How does Avg Hourly Earnings (Private) relate to labor market?
Avg Hourly Earnings (Private) is part of the Labor Market category. The labor market is the backbone of the consumer economy. Rising jobless claims and a climbing unemployment rate are classic late-cycle signals that precede recessions and rate cuts. The Fed has a dual mandate, maximum employment and stable prices, so labor data directly influences the path of monetary policy.
▶How often is Avg Hourly Earnings (Private) updated?
Avg Hourly Earnings (Private) is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Avg Hourly Earnings (Private) data?
Convex sources Avg Hourly Earnings (Private) data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Avg Hourly Earnings (Private) chart page?
The Avg Hourly Earnings (Private) page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.