Average Hourly Earnings

March 7, 2025

Average  hourly earnings rose 0.3% in February to $35.93 after having climbed 0.4% in January and 0.2% in December.  Earnings growth  in the past year has been 4.0%.

While nominal earnings have risen 4.0% in the past year, inflation has risen fairly quickly and real or inflation-adjusted earnings have risen only 0.9% in that same period of time.

Average weekly earnings rose 0.3% in February to $1,225.21 after having risen 0.1% in January and declining 0.1% in December.  In the past year weekly earnings have risen 3.4%.

Stephen Slifer

NumberNomics

Charleston, SC