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!Y/Y Actual | !Y/Y Actual | ||
!Y/Y Forecast | !Y/Y Forecast | ||
|- | |||
|July-23 | |||
|0.4% | |||
|0.3% | |||
|4.4% | |||
|4.2% | |||
|- | |- | ||
|Jun-23 | |Jun-23 | ||
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* Over the past 12 months, average hourly earnings have increased by 4.3 percent. | * 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> | * 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> | ||
=== '''June 2023''' === | |||
Over the past 12 months, average hourly earnings have increased by 4.4% in June, the same pace as in May and slightly above market expectations of a 4.2% rise. <ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref> | Over the past 12 months, average hourly earnings have increased by 4.4% in June, the same pace as in May and slightly above market expectations of a 4.2% rise. <ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref> | ||
* Average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4%, to $33.58 in June 2023, matching May's advance but slightly above market expectations of a 0.3% increase. | * Average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.4%, to $33.58 in June 2023, matching May's advance but slightly above market expectations of a 0.3% increase. | ||
* In June, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.83. | * In June, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.83. | ||
=== July 2023 === | |||
Over the past 12 months, average hourly earnings have increased by 4.4 percent, above market expectations of a 4.2% growth rate, and unchanged from June.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref> | |||
* In July, average hourly earnings for all employees on private nonfarm payrolls rose by 14 cents, or 0.4 percent, to $33.74. | |||
* In July, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.96. | |||
== Employment compensation index == | == Employment compensation index == | ||