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!Y/Y Actual | !Y/Y Actual | ||
!Y/Y Forecast | !Y/Y Forecast | ||
|- | |||
|May-23 | |||
|0.30% | |||
|0.30% | |||
|4.3% | |||
|4.4% | |||
|- | |- | ||
|Apr-23 | |Apr-23 | ||
|0. | |0.40% | ||
|0.30% | |0.30% | ||
|4.40% | |4.40% | ||
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* Over the past 12 months, average hourly earnings have increased by 4.4 percent. Exceeding the 4.2% estimate | * Over the past 12 months, average hourly earnings have increased by 4.4 percent. Exceeding the 4.2% estimate | ||
* In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.62.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref> | * In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.62.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref> | ||
=== May 2023 === | |||
Average hourly earnings rose 0.3% in May after a downwardly revised 0.4% a month earlier. From a year ago, they were up 4.3%, matching the smallest increase since mid-2021. | |||
* In May, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents, or 0.3 percent, to $33.44. . | |||
* Over the past 12 months, average hourly earnings have increased by 4.3 percent. | |||
* n May, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.75.<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref> | |||
== Employment compensation index == | == Employment compensation index == | ||