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Real average hourly earnings up 0.2 percent for year ending May 2023
June 21, 2023
Real average hourly earnings of all employees increased 0.2 percent from May 2022 to May 2023. Real earnings are earnings that have been adjusted for changes in consumer prices. The change in real average hourly earnings combined with a 0.9-percent decrease in the average workweek resulted in a 0.7-percent decrease in real average weekly earnings over this period.
12-month percent change in real average hourly earnings of all private nonfarm employees, by industry, January 2020–May 2023
Month
Total private
Mining and logging
Construction
Manufacturing
Wholesale trade
Retail trade
Transportation and warehousing
Utilities
Jan 2020
0.5
2.1
0.5
0.8
0.3
1.6
-0.4
0.6
Feb 2020
0.7
2.2
0.8
0.6
0.4
1.7
-0.4
0.2
Mar 2020
2.1
2.9
1.2
1.8
0.3
3.3
0.0
0.1
Apr 2020
7.7
4.0
1.9
6.1
4.0
7.9
3.6
3.7
May 2020
6.5
4.1
2.2
5.1
3.5
6.0
3.2
2.8
Jun 2020
4.4
3.3
2.2
3.0
1.9
4.3
0.9
3.5
Jul 2020
3.8
1.2
2.3
2.7
2.5
5.2
0.8
4.0
Aug 2020
3.4
0.2
1.8
2.8
1.7
5.3
0.6
3.7
Sep 2020
3.4
-0.1
1.5
2.4
1.6
6.0
0.5
4.1
Oct 2020
3.4
-0.7
1.6
2.2
2.1
4.8
0.9
5.1
Nov 2020
3.3
-1.3
1.6
2.3
2.1
4.8
1.2
4.4
Dec 2020
4.1
-1.2
1.5
1.7
2.3
4.8
2.5
3.1
Jan 2021
3.7
-1.0
1.7
1.6
2.5
4.5
1.4
2.6
Feb 2021
3.5
-1.6
1.2
1.5
2.2
3.3
0.9
1.8
Mar 2021
1.6
-3.1
0.1
0.2
1.5
2.4
-0.2
1.0
Apr 2021
-3.4
-4.0
-0.2
-3.8
-1.4
-1.7
-2.6
-1.1
May 2021
-2.6
-5.1
-0.8
-3.0
-1.8
0.2
-2.5
-1.4
Jun 2021
-1.3
-5.5
-1.4
-1.8
-1.2
1.1
0.0
-2.5
Jul 2021
-0.9
-4.2
-1.4
-1.6
-0.9
-0.5
0.1
-2.1
Aug 2021
-0.7
-3.4
-1.2
-1.8
-1.0
-1.0
-0.3
-2.2
Sep 2021
-0.4
-4.0
-0.8
-1.4
-0.8
-1.3
-0.4
-2.2
Oct 2021
-0.8
-4.5
-1.4
-1.8
-1.4
-0.6
-1.2
-3.9
Nov 2021
-1.3
-3.5
-2.2
-2.5
-2.1
-1.2
-0.4
-4.1
Dec 2021
-2.0
-4.0
-2.1
-2.4
-2.2
-1.7
-1.5
-2.4
Jan 2022
-1.8
-4.9
-2.2
-2.1
-2.9
-1.7
-1.1
-2.4
Feb 2022
-2.5
-4.7
-2.5
-3.3
-3.0
-1.1
-1.2
-3.1
Mar 2022
-2.4
-4.6
-2.4
-3.4
-3.6
-1.7
-1.3
-2.0
Apr 2022
-2.2
-6.3
-2.6
-2.9
-3.4
-2.5
-2.0
-2.9
May 2022
-2.7
-5.6
-2.7
-3.7
-4.3
-3.6
-1.5
-2.2
Jun 2022
-3.2
-5.0
-3.1
-4.4
-4.3
-4.1
-3.9
-2.2
Jul 2022
-2.7
-4.0
-2.6
-4.0
-3.9
-3.1
-3.7
-2.5
Aug 2022
-2.7
-4.6
-2.5
-3.9
-3.9
-2.9
-2.9
-3.1
Sep 2022
-2.9
-4.2
-2.6
-4.0
-4.3
-3.6
-2.4
-2.2
Oct 2022
-2.7
-4.3
-2.0
-3.7
-3.5
-3.3
-2.1
-1.2
Nov 2022
-2.1
-3.9
-1.1
-3.0
-2.8
-2.0
-3.0
-1.1
Dec 2022
-1.6
-2.9
-0.6
-2.5
-2.2
-1.9
-2.7
-1.4
Jan 2023
-1.8
-1.6
-0.9
-2.6
-1.1
-1.9
-2.4
-1.1
Feb 2023
-1.2
-1.5
-0.5
-2.0
-1.0
-1.1
-1.9
-0.2
Mar 2023
-0.6
-0.2
0.3
-0.9
-0.2
-1.0
-0.7
0.1
Apr 2023
-0.6
1.9
0.3
-1.0
0.1
-0.3
-0.2
0.9
May 2023
0.2
2.0
0.9
-0.1
1.2
0.6
-0.5
1.0
12-month percent change in real average hourly earnings of all private nonfarm employees, by industry, January 2020–May 2023 … continued
Month
Information
Financial Activities
Professional and business services
Education and health services
Leisure and hospitality
Other services
Jan 2020
0.3
0.9
1.1
-0.9
0.9
-0.2
Feb 2020
0.7
1.6
1.1
-0.7
0.8
0.8
Mar 2020
1.4
2.4
1.9
0.2
1.4
4.6
Apr 2020
3.9
4.1
6.6
3.0
9.0
10.6
May 2020
3.8
4.8
5.6
3.6
5.4
9.0
Jun 2020
2.9
4.6
4.0
3.0
2.3
5.9
Jul 2020
3.7
4.1
2.9
2.3
0.9
4.9
Aug 2020
1.3
4.4
2.8
2.1
1.2
3.5
Sep 2020
2.7
4.7
2.6
2.1
1.1
3.9
Oct 2020
4.4
5.8
2.4
2.1
1.1
3.3
Nov 2020
3.3
5.4
2.1
2.5
0.3
4.0
Dec 2020
2.4
5.7
2.3
4.4
0.5
4.1
Jan 2021
2.2
5.7
2.2
3.7
0.6
3.7
Feb 2021
2.2
5.5
2.1
3.5
1.4
3.4
Mar 2021
-0.7
5.0
0.9
2.2
1.5
0.0
Apr 2021
-2.6
2.6
-3.3
0.5
-4.8
-5.2
May 2021
-3.7
2.0
-2.5
-0.4
-1.2
-5.2
Jun 2021
-3.3
0.8
-1.4
-0.5
2.7
-2.3
Jul 2021
-4.6
1.2
-0.5
0.0
4.1
-1.5
Aug 2021
-4.4
-0.2
-0.4
0.3
4.9
-0.3
Sep 2021
-4.4
-0.3
-0.5
1.0
5.0
-0.5
Oct 2021
-5.6
-1.4
-0.4
0.5
6.1
-0.5
Nov 2021
-6.1
-1.9
-0.8
-0.2
6.4
-1.7
Dec 2021
-5.1
-2.8
-1.0
-1.4
6.3
-1.8
Jan 2022
-5.7
-3.2
-0.9
-0.3
4.9
-1.9
Feb 2022
-5.7
-4.7
-1.7
-1.4
3.6
-3.2
Mar 2022
-4.9
-4.9
-1.3
-1.6
3.3
-3.9
Apr 2022
-4.6
-4.7
-1.2
-1.7
2.8
-3.4
May 2022
-4.0
-5.6
-1.9
-1.9
1.9
-4.1
Jun 2022
-3.7
-5.1
-2.9
-2.1
0.1
-4.3
Jul 2022
-3.2
-4.5
-2.3
-1.5
0.6
-3.7
Aug 2022
-1.3
-3.9
-2.4
-1.7
-0.1
-3.9
Sep 2022
-0.4
-3.4
-2.7
-2.9
-0.6
-3.7
Oct 2022
-1.2
-3.8
-2.6
-2.4
-1.3
-3.7
Nov 2022
-0.9
-3.3
-1.9
-1.7
-0.7
-2.8
Dec 2022
-0.5
-2.1
-1.4
-1.5
0.1
-2.9
Jan 2023
-0.5
-2.3
-1.6
-2.1
0.6
-2.4
Feb 2023
-0.8
-1.5
-1.1
-1.5
0.6
-1.6
Mar 2023
0.6
-0.9
-0.5
-1.0
0.9
-1.6
Apr 2023
-0.5
-1.4
-0.7
-0.9
0.7
-0.6
May 2023
1.1
-0.2
0.2
-0.3
1.3
0.3
From May 2022 to May 2023, the largest increases in real average hourly earnings of all employees occurred in mining and logging (+2.0 percent) and leisure and hospitality (+1.3 percent). The 12-month percent change in real earnings in leisure and hospitality is down from its most recent high of 6.4 percent in November 2021, but up from its most recent low of −1.3 percent in October 2022.
From May 2022 to May 2023, real average hourly earnings decreased the most in transportation and warehousing, with an over-the-year decline of 0.5 percent.
United States Department of Labor
