In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 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.

Wages for regular pay in the United Kingdom grew by approximately 4.8 percent in June 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 0.7 percent. 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 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 in 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 the United Kingdom increased 4.70 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Hungary increased 9 percent in July of 2025 over the same month in the previous year. This dataset provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for US Average Hourly Earnings YoY. from United States. Source: Bureau of Labor Statistics. Track economic data…

Wages in the United States increased to 31.46 USD/Hour in August from 31.34 USD/Hour in July of 2025. This dataset provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Leisure and Hospitality and Other Services (FRBATLWGT12MMUMHWGILH) from Dec 1997 to Aug 2025 about growth, moving average, leisure, hospitality, 1-year, average, wages, median, services, industry, and USA.

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.

In 2023, the average annual real wages in the United States amounted to ****** U.S. dollars. This shows the average annual wages in the United States from 2000 to 2023 in constant 2023 PPP-adjusted U.S. dollars.

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

Wages In the Euro Area increased 3.70 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Wage Distribution: 1st to 25th Wage Percentile (FRBATLWGT12MMUMHWGWD1WP) from Dec 1997 to Aug 2025 about growth, moving average, 1-year, percentile, average, wages, median, and USA.

In 2025, it is predicted that average earnings in the United Kingdom will increase by *** percent, compared with a growth rate of *** percent in 2024, and *** percent in 2023, the fastest average earnings growth in this time period. By contrast, average earnings did not grow at all in 2020, in the aftermath of the COVID-19 pandemic. Earnings vs inflation Although earnings grew at their fastest pace between 2021 and 2023 in this provided time period, this was offset by the period of very high inflation that occurred alongside it. This reached a peak of **** percent in October 2022, with inflation only reaching the typical target rate of *** percent in May 2024. Despite strong wage growth, the average UK worker saw their earnings fall relative to inflation between November 2021 and May 2023. As of January 2024, weekly wages in the UK were still growing faster than inflation, at *** percent for regular pay and *** percent for pay including bonuses. Full-time earnings reach over ****** GBP in 2024 Full-time employees in the United Kingdom earned an average annual salary of ****** British pounds in 2024, compared with just over ****** in the previous year. As of this year, men reported higher earnings than women did, with the UK reporting a gender pay gap of **** percent for 2024, compared with **** percent in 1997. Workers in their 40s had the highest average earnings by age group, at approximately ****** for men, and ****** for women. Although men earned more than women in all age groups, this gap was smallest among workers aged 18 to 21.

Graph and download economic data for 12-Month Moving Average of Weighted Median Hourly Wage Growth: Weighted 1997: Overall (FRBATLWGT12MMAWMHWG97O) from Dec 1997 to Aug 2025 about growth, moving average, 1-year, average, wages, median, and USA.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: MSA Area (FRBATLWGT12MMUMHWGMSA) from Dec 1997 to Aug 2025 about growth, moving average, 1-year, average, wages, median, and USA.

Nominal wage growth in both the European Union and the Euro currency area (comprising ** of the ** EU members) reached a record high in the second quarter of **, when wages increased by *** and *** percent respectively. This trend continued during 2023, with a wage increase of *** and *** percent during the third quarter of **. Nominal wage growth is the increase in wages compared to the same period the previous year in nominal values - i.e. in monetary values unadjusted for inflation. As inflation in Europe increase faster than nominal wages during this period, this in fact meant that real wages (increases adjusted for inflation) fell.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth for the West South Central Census Division (FRBATLWGT12MMUMHWGWSCCD) from Dec 1997 to Aug 2025 about West South Central Census Division, growth, moving average, 1-year, average, wages, median, and USA.

Graph and download economic data for 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Education and Health (FRBATLWGT12MMUMHWGIEH) from Dec 1997 to Aug 2025 about growth, moving average, 1-year, health, average, education, wages, median, industry, and USA.

In 2023, the median hourly earnings of wage and salary workers in the United States was 19.24 U.S. dollars. This is an increase from 1979, when median hourly earnings were at 4.44 U.S. dollars. Hourly Workers The United States national minimum wage is 7.25 U.S. dollars per hour, which has been the minimum wage since 2009. However, each state has the agency to set their state minimum wage. Furthermore, some cities are able to create their minimum wage. Many argue that the minimum wage is too low and should be raised, because it is not considered a living wage. There has been a movement to raise the minimum wage to 15 U.S. dollars per hour, called “Fight for 15” which began in the early 2010s. While there has been no movement at the federal level, some states have moved to increase their minimum wages, with at least three states and the District of Columbia setting minimum wage rates at or above 15 dollars per hour. More recently, some proponents of increasing the minimum wage say that 15 dollars is too low, and lawmakers should strive toward a higher goal, especially given that a 2021 analysis found that the minimum wage in the U.S. should be 22.88 U.S. dollars if it grew at the same rate as economic productivity. Salary Workers On the other hand, salary workers in the United States do not get paid on an hourly basis. The median weekly earnings of salary workers have significantly increased since 1979. Asian salary workers had the highest hourly earnings in the U.S. in 2021. Among female salary workers, those ages 45 to 54 years old had the highest median hourly earnings in 2021, likewise for male salary workers.

Wages in Poland increased 7.10 percent in August 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.