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.

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.

In 2023, the average annual real wages in the United States amounted to 80,115 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.

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.

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.

United States - Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: White: Men was 418.00000 1982-84 CPI Adjusted $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: White: Men reached a record high of 434.00000 in April of 2020 and a record low of 371.00000 in July of 2012. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: White: Men - last updated from the United States Federal Reserve on March of 2025.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 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.

Wages in Iceland increased 4.60 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Iceland Real Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the average annual wage at constant prices for full-time workers in Japan amounted to approximately 4.9 million Japanese yen. This constituted a decrease from an average of around five million yen recorded in 2023.

The annual rate of development of real wages in Czechia fluctuated in the observed period, with the highest figure observed at six percent in 2018. In 2023, the real wages in the country fell by 3.3 percent. However, in the following year, they were expected to grow by more than nine precent.

Wages in Argentina increased 2.80 percent in December of 2024 over the same month in the previous year. This dataset provides - Argentina Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: Women (LEU0252882800Q) from Q1 1979 to Q4 2024 about females, full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

In 2023, the median usual weekly earnings of an African American full-time employee in the United States amounted to 920 U.S. dollars. Dollar value is based on 2023 U.S. dollars. In 1979, the median weekly earnings of African American full-time employees was 783 constant 2023 U.S. dollars. Median weekly earnings of Black and African Americans not adjusted for inflation can be found here.

United States - Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: Black or African American: Women was 286.00000 1982-84 CPI Adjusted $ in January of 2021, according to the United States Federal Reserve. Historically, United States - Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: Black or African American: Women reached a record high of 295.00000 in January of 2020 and a record low of 249.00000 in January of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: Black or African American: Women - last updated from the United States Federal Reserve on March of 2025.

This graph shows average wages around the world in 2012 as calculated by purchasing power parity. In 2012 the highest average wage was earned in Luxembourg at 4,089 purchasing power parity dollars. Wages and salaries Wages and salaries in the United States have increased during the last decades. The median weekly earnings of a full-time wage and salary worker were about 241 U.S. dollars in 1979 and shifted up to 768 U.S. dollars in 2012.

The median earnings of U.S. full-time wage and salary workers vary across their educational attainment. The highest paid workers are those who hold a bachelor’s degree, according to the U.S. Bureau of Labor Statistics.

The U.S. federal government specified minimum wage laws for workers in the United States, which say that workers must be paid no less than the current federal minimum wage. The minimum wage was set at 7.25 U.S. dollars per hour by federal law. The actual minimum wage varies from state to state, as some states have additional minimum wage laws.

For instance, the minimum wage in Washington was around 9.04 U.S. dollars per hour, while the worst minimum wage can be found in Georgia, where workers earn at least 5.15 U.S. dollars per hour. No minimum wages can be found in Tennessee, Alabama, Louisiana, South Carolina and Mississippi, as of January 1, 2012.

The number of workers paid hourly rates with earnings at or below the minimum wage in the U.S. was at its highest in the industry type of leisure and hospitality in 2013.

Recent statistics show that the share of female workers paid hourly rates at or below prevailing federal minimum wage in the United States decreased since 1979. In that year, 20.2 percent of the female wage and salary workers were paid below the federal minimum wage, while only 2.9 percent of the female workers were paid below the federal minimum wage in 2006.

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.

Nominal wage growth in both the European Union and the Euro currency area (comprising 20 of the 27 EU members) reached a record high in the second quarter of 22, when wages increased by 5.7 and 5.6 percent respectively. This trend continued during 2023, with a wage increase of 5.7 and 5.2 percent during the third quarter of 23. 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 Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over: White: Men (LEU0252884000A) from 2000 to 2024 about full-time, males, salaries, workers, earnings, white, 16 years +, wages, median, real, employment, and USA.