Hourly Earnings Growth
Specific Measure
Year-over-year growth rate of real average hourly earnings among those working, based on 2023 US dollars, private sector only.
(Source: Authors' analysis of Bureau of Labor Statistics data). Recessions are highlighted in gray.
How does the US rank globally?
- Specific Measure: Year-over-year growth rate of real average hourly earnings, based on 2021 international dollars (PPP).
(Source: Authors’ analysis of International Labor Organization data).
- Percentage of countries the US outperforms: 70% (out of 20 countries)
- International Rank Trend: Improving
National Trend Mixed
For more information about data sources and treatments, download the Data Notes.