Average Hourly Earnings of All Employees, Total Private
Average hourly cash earnings for US private-sector employees. It is not total compensation and excludes employer benefit costs.
37.62
Dollars per Hour
Average Hourly Earnings of All Employees, Total Private — latest reading: 37.62 dollars per hour. As of July 2026, it is up 3.2% over the past 12 months, well above its 10-year average. Source: CES0500000003, US Bureau of Labor Statistics, published monthly. Reported as published, without transformation; the publisher may revise it. Higher than every one of the other 244 readings since 2006-03-01.
Min
20.04
Max
37.62
Average
26.96
10Y Percentile
100%
3M Change
+0.6%
Average Hourly Earnings of All Employees, Total Private (CES0500000003) — 245 observations from 2006-03-01 to 2026-07-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare Average Hourly Earnings of All Employees, Total Private with other indicators →
How these numbers changed
Every figure above is the current one. These are the same periods as first published — what Average Hourly Earnings of All Employees, Total Private said on the day, before it was restated. Measured in Dollars per Hour.
| Period | First print | Now | Change | Republished |
|---|---|---|---|---|
| Jun 2026 | 37.64 | 37.6 | -0.04 | 1× |
| May 2026 | 37.53 | 37.49 | -0.04 | 2× |
| Mar 2026 | 37.38 | 37.35 | -0.03 | 1× |
| Feb 2026 | 37.32 | 37.27 | -0.05 | 2× |
| Jan 2026 | 37.17 | 37.15 | -0.02 | 1× |
| Nov 2025 | 36.86 | 37 | +0.14 | 2× |
| Oct 2025 | 36.81 | 36.85 | +0.04 | 1× |
| Sep 2025 | 36.67 | 36.7 | +0.03 | 2× |
| Aug 2025 | 36.53 | 36.62 | +0.09 | 2× |
Average Hourly Earnings of All Employees, Total Private for June 2026 first printed at 37.64 on July 2, 2026, was revised once, and now reads down to 37.6. Recompute any row from FRED's own vintage archive.
Macro Regime Context
The growth regime is currently late cycle (67% confidence).
See what this means across all four regime dimensions →3-Month
+0.6%
6-Month
+1.3%
12-Month
+3.2%
What this means
Average Hourly Earnings of All Employees, Total Private is currently at 37.62 dollars per hour, which is well above its 10-year historical average. The trend is stable (+0.6% over the past 3 months).
Over the past 6 months the change is +1.3%, and over 12 months it is +3.2%. The short-term pace is consistent with the longer trend.
Cite this page
MacroRadar, "Average Hourly Earnings of All Employees, Total Private," https://www.macroradar.io/average-hourly-earnings-of-all-employees-total-private (as of July 2026).