Wages in the United States increased 4.72 percent in May 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 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 in Germany increased 2.50 percent in December of 2024 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Romania was forecast to have the highest real salary increase in the last quarter of 2024 of the 34 countries included. The salary increase in the European country was forecast to reach 17 percent. Croatia and Serbia followed behind. On the other hand, Iceland and Japan were forecast to have a real wage growth of only 1.1 percent.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Wages for regular pay in the United Kingdom grew by approximately 5.2 percent in April 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 1.4 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 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 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 Finland increased 1.50 percent in March of 2025 over the same month in the previous year. This dataset provides - Finland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In April 2025, real wages in Japan decreased by *** percent compared to the same month of 2024, according to preliminary figures. Since 2023, the sharpest decline in real wages of establishments with five or more employees was recorded in January 2023 at *** percent.

Graph and download economic data for Average Hourly Earnings of All Employees, Total Private (CES0500000003) from Mar 2006 to May 2025 about earnings, average, establishment survey, hours, wages, private, employment, and USA.

Wages in Russia increased 0.10 percent in March of 2025 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.

Uruguay's real wages have been on an upward trend throughout 2024. In January 2025, the wage increased by 0.7 percent compared to the same month of the previous year.

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.

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.

Graph and download economic data for Employment Cost Index: Wages and Salaries: Private Industry Workers (ECIWAG) from Q1 2001 to Q1 2025 about cost, ECI, salaries, workers, private industries, wages, private, employment, industry, inflation, indexes, and USA.

Experimental statistics of detailed industry wages from the Monthly Wages and Salaries Survey, with comparison industry output price data, from the article "Analysis of wage and price increases, UK: 2011 to 2023.

The average real wages worldwide saw *********** 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.

Wages in France increased 2.10 percent in March of 2025 over the same month in the previous year. This dataset provides - France Monthly Wages Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In September 2023, contractual hourly wages and salaries in Italy grew by 3 percent, compared to the same period of the previous year. In December of the same year, hourly wages and salaries in Italy increased by more than 7 percent compared to December 2022. This was due to a state administration's decision to pay an allowance to permanent public employees waiting for the renewal of their collective labor agreement in 2024.

Wages in Spain increased 3.83 percent in March of 2025 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.

Expected rate of increase in wages and reasons for expecting a faster rate of increase in wages over the next 12 months, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, fourth quarter of 2023.