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.

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.

Average Hourly Earnings in the United States increased 0.30 percent in February of 2025 over the previous month. This dataset provides the latest reported value for - United States Average Hourly Earnings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Median Wage Growth: 3-Mo Mov Avg: Lower Half of Wage Dist data was reported at 4.100 % in Jan 2025. This records an increase from the previous number of 3.900 % for Dec 2024. United States Median Wage Growth: 3-Mo Mov Avg: Lower Half of Wage Dist data is updated monthly, averaging 3.900 % from Mar 1997 (Median) to Jan 2025, with 335 observations. The data reached an all-time high of 8.500 % in Jul 2022 and a record low of 1.300 % in May 2010. United States Median Wage Growth: 3-Mo Mov Avg: Lower Half of Wage Dist data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G108: Atlanta Fed Wage Growth Tracker: 3-Month Moving Average.

Wages in the United Kingdom increased 5.80 percent in January 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.

In 2024, it is predicted that average earnings in the United Kingdom will increase by 4.7 percent, compared with a growth rate of 7.6 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 also grew at the relatively slow rate of 0.2 percent in 2009, shortly after the economic crisis of 2008. 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 11.1 percent in October 2022, falling to 3.2 percent by March 2024. Despite strong wage growth, the average UK worker saw their earnings fall relative to inflation between November 2021 and May 2023. As of March 2024, weekly wages in the UK were still growing faster than inflation, at two percent for regular pay and 1.7 percent for pay including bonuses. Average annual earnings reach 35,000 pounds in 2023 Full-time employees in the United Kingdom earned an average annual salary of 34,963 British pounds in 2023, compared with just over 33,000 in the previous year. As of this year, men reported higher earnings than women did, with the UK reporting a gender pay gap of 14.3 percent for 2023, compared with 27.5 percent in 1997. Workers in their 40s had the highest average earnings by age group, at approximately 42,260 for men, and 35,250 for women. Although men earned more than women in all age groups, this gap was smallest among workers aged 18 to 21.

In the three months to December 2024, average weekly earnings in the United Kingdom grew by 5.9 percent, while pay including bonuses also grew by six percent, when compared with the same period in 2023. In the same month, the inflation rate for the Consumer Price Index was 2.5 percent, indicating that wages were rising faster than prices that month. Average salaries in the UK In 2024, the average salary for full-time workers in the UK was 37,430 British pounds a year, up from 34,963 in the previous year. In London, the average annual salary was far higher than the rest of the country, at 47,455 pounds per year, compared with just 32,960 in North East England. There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. Waves of industrial action in the UK One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes. Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK's public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

United States Median Wage Growth: 12-Mo Mov Avg: Professional & Management data was reported at 5.000 % in Jan 2025. This records a decrease from the previous number of 5.100 % for Dec 2024. United States Median Wage Growth: 12-Mo Mov Avg: Professional & Management data is updated monthly, averaging 3.900 % from Dec 1997 (Median) to Jan 2025, with 326 observations. The data reached an all-time high of 6.500 % in May 2023 and a record low of 2.000 % in Nov 2010. United States Median Wage Growth: 12-Mo Mov Avg: Professional & Management data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G109: Atlanta Fed Wage Growth Tracker: 12-Month Moving Average.

Average weekly earnings for the whole economy, for total and regular pay, in real terms (adjusted for consumer price inflation), UK, monthly, seasonally adjusted.

Wages in the United Kingdom grew by approximately 5.9 percent in December 2024, although when adjusted for inflation, wages only grew in real terms by 2.5 percent. When bonus pay is included in wage growth calculations, wages grew by six percent in nominal terms, and by 2.5 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.

United States Median Wage Growth: 12-Mo Mov Avg: Not Paid Hourly data was reported at 4.900 % in Jan 2025. This records a decrease from the previous number of 5.000 % for Dec 2024. United States Median Wage Growth: 12-Mo Mov Avg: Not Paid Hourly data is updated monthly, averaging 4.000 % from Dec 1997 (Median) to Jan 2025, with 326 observations. The data reached an all-time high of 6.400 % in May 2023 and a record low of 1.800 % in Nov 2010. United States Median Wage Growth: 12-Mo Mov Avg: Not Paid Hourly data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G109: Atlanta Fed Wage Growth Tracker: 12-Month Moving Average.

United States Median Wage Growth: 12-Mo Mov Avg: Female data was reported at 4.800 % in Jan 2025. This records a decrease from the previous number of 4.900 % for Dec 2024. United States Median Wage Growth: 12-Mo Mov Avg: Female data is updated monthly, averaging 3.600 % from Dec 1997 (Median) to Jan 2025, with 326 observations. The data reached an all-time high of 6.300 % in May 2023 and a record low of 1.800 % in Mar 2012. United States Median Wage Growth: 12-Mo Mov Avg: Female data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G109: Atlanta Fed Wage Growth Tracker: 12-Month Moving Average.

United States Median Wage Growth: 3-Mo Mov Avg: Upper Half of Wage Dist data was reported at 4.400 % in Dec 2024. This records a decrease from the previous number of 4.700 % for Nov 2024. United States Median Wage Growth: 3-Mo Mov Avg: Upper Half of Wage Dist data is updated monthly, averaging 3.600 % from Mar 1997 (Median) to Dec 2024, with 334 observations. The data reached an all-time high of 6.300 % in May 2023 and a record low of 1.500 % in Nov 2010. United States Median Wage Growth: 3-Mo Mov Avg: Upper Half of Wage Dist data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G108: Atlanta Fed Wage Growth Tracker: 3-Month Moving Average.

In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

The data represents the percent change in wages for an individual who has wages recorded in the Unemployment Compensation (UC) wage record file in the quarter in which they completed Industry Partnership training and wages found in the UC wage record file for that individual four quarters later. The change could be an increase or a decrease in wages. For example, if an individual completed training in the third quarter of 2013 and earned $5,000 in that quarter and earned $7,500 in the third quarter of 2014 the percent change for that individual would be 50%. The file incudes a count of all individuals who benefited from industry partnership training, the workforce development area of the industry partnership, the training program completed and the percentage change in wages per individual training. The top line of the file includes the overall percentage change for all trainings.

*The goal for Labor & Industry is based on receiving $10 million to fund Industry Partnerships.

This dataset is for Program Year 2013-2017 and will be updated annually due to federal release schedule. There are many reasons why an individual’s wage may have changed dramatically. Some of the reasons for negative wage changes or large increases in wages are listed below (not an exhaustive list). • An individual may have left the job, was laid off, or retired within the year after they were trained. • An individual may have become ill and left work. • An individual may have accepted a job in or moved to another state. • An individual may have been working two jobs and switched to one, or vice versa. • An individual’s hours may have been reduced/increased during a quarter. • Overtime hours may have been reduced/increased during a quarter. • An individual may have taken family leave. • A bonus could have been paid right after training was completed. • Wage records may not have been reported. • An employer may have closed and laid off all of their employees.

We discuss firm-level evidence based on UK data showing that within-firm pay inequality--wage differentials between top- and bottom-level jobs--increases with firm size. Moreover, within-firm pay inequality rises as firms grow larger over time. Lastly, using wage data from 15 developed countries, we document a positive association between aggregate wage inequality at the country level and growth by the largest firms in the country. We conclude that part of what may be perceived as a global trend toward more wage inequality may be driven by an increase in the size of the largest firms in the economy.

Personal Income in the United States increased 0.90 percent in January of 2025 over the previous month. This dataset provides the latest reported value for - United States Personal Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Number of employees, average hourly and weekly earnings (including overtime), and average weekly hours for the industrial aggregate excluding unclassified businesses, last 5 months.

United States Median Wage Growth: 12-Mo Mov Avg: Bachelor's Degree or Higher data was reported at 5.100 % in Jan 2025. This stayed constant from the previous number of 5.100 % for Dec 2024. United States Median Wage Growth: 12-Mo Mov Avg: Bachelor's Degree or Higher data is updated monthly, averaging 3.800 % from Dec 1997 (Median) to Jan 2025, with 326 observations. The data reached an all-time high of 6.200 % in May 2023 and a record low of 2.000 % in Oct 2010. United States Median Wage Growth: 12-Mo Mov Avg: Bachelor's Degree or Higher data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G109: Atlanta Fed Wage Growth Tracker: 12-Month Moving Average.