Wages in the United States increased 4.46 percent in January of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In December 2024, inflation amounted to 2.9 percent, while wages grew by 4.2 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

The average real wages worldwide saw an increase every year since 2006. However, in 2022, the aftermath of the COVID-19 pandemic and the rising inflation rates in led to a decrease in real average wages worldwide. In 2023, real global wage growth was positive again.

In 2023, the average annual wage in California was 91,700 U.S. dollars, an increase from the year prior, when the average wage in the U.S. state was 87,919. The average annual wages are expected to rise in California, with the annual wage in 2027 estimated to reach over 105,000 U.S. dollars.

Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. This dataset provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q4 2024 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Wages in Poland increased 7.90 percent in February of 2025 over the same month in the previous year. This dataset provides - Poland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average hourly and weekly wage rate, and median hourly and weekly wage rate by North American Industry Classification System (NAICS), type of work, gender, and age group.

Wages in the United Kingdom grew by approximately 5.9 percent in January 2025, although when adjusted for inflation, wages only grew in real terms by 2.1 percent. When bonus pay is included in wage growth calculations, wages grew by 5.8 percent in nominal terms, and by 2.2 percent in real terms. Twenty months of inflation outpacing wages Between November 2021 and June 2023 inflation was higher than wage growth in the UK, resulting in falling real terms earnings throughout this 20-month period. While UK inflation peaked at 11.1 percent in October 2022, it was not until April 2023 that it fell below double figures, and not until May 2024 that it reached the Bank of England's target of two percent. Forecasts from the Autumn 2024 budget predict that the annual UK inflation will for 2024 will be 2.5 percent, down from 7.3 percent in 2023 and 9.1 percent in 2022. Due to high inflation, the UK's minimum wage also rose quite significantly during this period, with the "main" rate increasing from 8.91 pounds per hour in 2021 to 12.21 pounds per hour for 2025. Average earnings and gender pay gap For full-time workers in the United Kingdom, the median average annual earnings was 37,430 British pounds in 2024, compared with 34,663 pounds in 2023. In London, average earnings were significantly higher than the rest of the country, at 47,455 pounds. Just two other areas of the United Kingdom, the South East and Scotland, had annual salaries above the UK average. North East England had the lowest average salary, at 32,960 pounds. As of 2024, the gender pay gap for median gross hourly earnings in the UK was 13.1 percent for all workers, falling to seven percent for full-time workers and -3 percent for part-time workers. Compared with 1997, when the gender pay gap was 27.5 percent for all workers, there has been a degree of progress, although, at current trends, it will be some time before the gap is closed entirely.

Wages in Russia increased 11.30 percent in December of 2024 over the same month in the previous year. This dataset provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Spain increased 3.52 percent in December of 2024 over the same month in the previous year. This dataset provides - Spain Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in the United States increased to 28.64 USD/Hour in February from 28.54 USD/Hour in January of 2025. This dataset provides - United States Average Hourly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Ireland increased 5.60 percent in December of 2024 over the same month in the previous year. This dataset provides - Ireland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Netherlands increased 5.50 percent in February of 2025 over the same month in the previous year. This dataset provides - Netherlands Hourly Wage Growth YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: Black or African American (LEU0252884600Q) from Q1 2000 to Q4 2024 about full-time, African-American, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Wages in Belgium increased 1.08 percent in September of 2024 over the same month in the previous year. This dataset provides - Belgium Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Portugal increased 9.10 percent in January of 2025 over the same month in the previous year. This dataset provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Lithuania increased to 2335.90 EUR/Month in the fourth quarter of 2024 from 2237.90 EUR/Month in the third quarter of 2024. This dataset provides - Lithuania Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the average yearly wage growth in China from 2010 to 2021. As of 2021, the average wages in China increased by 9.7 percent compared to the previous year.

Wages in Canada increased 5.80 percent in December of 2024 over the same month in the previous year. This dataset provides - Canada Average Weekly Earnings YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.