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US average hourly earnings, total private, monthly

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Monthly US wage intelligence panel, 1964-01 onward: average hourly earnings of production and nonsupervisory employees, total private (dollars per hour, seasonally adjusted; FRED AHETPI, U.S. Bureau of Labor Statistics, Current Employment Statistics, redistributed keyless via FRED fredgraph.csv). Carries 1-month and 12-month changes (levels and percents), the 3-month annualized percent change, and a contraction_flag marking months with lower nominal earnings than a year earlier. Scope note: production/nonsupervisory workers (about four-fifths of private payrolls), not all employees. Method caveats: BLS revises history with each Employment Situation vintage (kept as published, never back-filled); genuine upstream gaps are kept as honest nulls, never imputed. Who joins this: shops deflate earnings_yoy_pct against CPI for the real-paycheck signal; subscription businesses use earnings-momentum streaks as churn-risk macro features.

Rows
752
Columns
12
Source cadence
Monthly
Last refreshed
Oct 1, 2026
Theme
labor

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