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Average Hourly Earnings of All Employees, Total Private

Series CES0500000003 — Avg hourly earnings.

Latest value: $37.81/hour for September 2026, +3.0% year over year (against September 2025). 129 monthly observations from January 2016 to September 2026, in US dollars per hour. Source: FRED (FRED route); context series, not an input to the Nowflation CPI Gauge. Next update: with the October 2026 jobs report, 2026-11-06 8:30 AM ET (BLS).

Latest observations

PeriodValue
September 2026$37.81/hour
August 2026$37.76/hour
July 2026$37.64/hour
June 2026$37.59/hour
May 2026$37.49/hour
April 2026$37.41/hour
March 2026$37.35/hour
February 2026$37.27/hour
January 2026$37.15/hour
December 2025$37.02/hour
November 2025$37.00/hour
October 2025$36.85/hour

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Cite: Nowflation, “Average Hourly Earnings of All Employees, Total Private” (CES0500000003), data from FRED, retrieved October 18, 2026, https://nowflation.com/series/CES0500000003. The series at its source: FRED.

Related series

Employed full time: Median usual weekly real earnings · Continued Claims (Insured Unemployment, weekly, seasonally adjusted) · Labor force participation · Avg weekly hours (private)

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