U.S. monthly change in real hourly earnings 2023-2024

Published by
Abigail Tierney,
Jan 14, 2025

In October 2024, real hourly earnings of all employees in the United States increased 0.1 percent in comparison to the previous month. The data have been seasonally adjusted. The deflators used for constant-dollar earnings shown here come from the Consumer Price Indexes Programs. The Consumer Price Index for All Urban Employees (CPI-U) is used to deflate the data for all employees.

Monthly percentage change in real average hourly earnings for all employees in the United States from October 2023 to October 2024 (seasonally adjusted)

CharacteristicChange compared to previous month
Oct '24 0.1%
Sep '24 0.2%
Aug '24 0.2%
Jul '24 0.1%
Jun '24 0.4%
May '24 0.5%
Apr '24 -0.2%
Mar '24 0%
Feb '24 -0.3%
Jan '24 0.2%
Dec '23 0.1%
Nov '23 0.2%
Oct '23 0.2%
Showing entries 1 to 13 (13 entries in total)
Created with Highcharts 7.2.2Change compared to previous month0.2%0.2%0.2%0.2%0.1%0.1%0.2%0.2%-0.3%-0.3%0%0%-0.2%-0.2%0.5%0.5%0.4%0.4%0.1%0.1%0.2%0.2%0.2%0.2%0.1%0.1%Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '24
-0.4%-0.2%0%0.2%0.4%0.6%

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Release date

November 2024

Region

United States

Survey time period

October 2023 to October 2024

Age group

16 years and older

Supplementary notes

Employed persons consist of: persons who did any work for pay or profit during the survey reference week; persons who did at least 15 hours of unpaid work in a family-operated enterprise; and persons who were temporarily absent from their regular jobs because of illness, vacation, bad weather, industrial dispute, or various personal reasons.
Seasonal adjustment is a statistical method for removing the seasonal component of a time series used when analyzing non-seasonal trends.

* Preliminary

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