Year-over-year percent change in average hourly earnings in the U.S.
All employees on private nonfarm payrolls since January 2022
The column chart shows the year-over-year percent change in hourly earnings for all private employees in the U.S. from January 2020 through July 2023.
0
1
2
3
4
5
6%
Jan
2022
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
2023
Feb
Mar
Apr
May
Jun
Jul
2023
Jul
4.4%
2023
Jul
4.4%
5.7%
5.3%
5.9%
5.8%
5.5%
5.4%
5.4%
5.4%
5.1%
4.9%
5%
4.8%
4.4%
4.7%
4.3%
4.4%
4.3%
4.4%
4.4%