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Canonical indicator / hourly-earnings

Total private average hourly earnings

Seasonally adjusted average hourly earnings for total-private payroll employees in current dollars. The series is nominal and composition-sensitive.

National economic contextcurrent dollars per hourCalendar month2017-01-2026-07

2026-07 latest

$37.62+$11.62 from 2017-01
Observations
115
1 bounded entity
Coverage
2017-2026
10 observed periods
Sources
1
U.S. Bureau of Labor Statistics
Exact pair
r 0.745
115 entity-period matches

01 / Measurement contract

Definition before comparison

The unit, universe, period, and source boundary travel with every observation.

What this series measures

Seasonally adjusted average hourly earnings for total-private payroll employees in current dollars. The series is nominal and composition-sensitive.

The National Economic Context Observatory places exact source observations on one dated workspace, but it does not merge their units, frequencies, universes, seasonal-adjustment conventions, or release calendars. Monthly, quarterly, calendar-year, and fiscal-year signals keep independent scales. Missing periods are not interpolated or carried forward. These descriptive accounts do not establish concentration, profits, markups, employer power, a legal antitrust market, policy effectiveness, welfare effects, or causation, and they are never combined into a composite score.
Indicator ID
hourly-earnings
Unit
current dollars per hour
Observation dimension
Native publication period
Grouping field
Evidence system
Period basis
Calendar month
Ranking contract
Compare observed periods within one bounded series

02 / Observed variation

Fiscal-year range and trajectory

2017-01-2026-07; absent and withheld values do not enter the distribution.

Minimum
$26.00
25th percentile
$27.90
Median
$31.10
75th percentile
$34.60
Maximum
$37.62

Observed variation

Each view keeps the same indicator, unit, and evidence boundary.
Selected interval$26.00 to $27.2019 observations / 16.5% of the snapshot
Ranked reference rowscurrent dollars per hour
  1. 012026-07United States employment$37.62
  2. 022026-06United States employment$37.60
  3. 032026-05United States employment$37.49
  4. 042026-04United States employment$37.41
  5. 052026-03United States employment$37.35
  6. 062026-02United States employment$37.27
  7. 072026-01United States employment$37.15
  8. 082025-12United States employment$37.02
  9. 1142017-02United States employment$26.07
  10. 1152017-01United States employment$26.00

03 / Coverage and quality

Where the series has evidence

Observed rows are counted explicitly by period, group, verification status, and confidence level.

Period ledger10 observed periods
20171 entity121 source
20181 entity121 source
20191 entity121 source
20201 entity121 source
20211 entity121 source
20221 entity121 source
20231 entity121 source
20241 entity121 source
20251 entity121 source
20261 entity71 source
Evidence stateAll indicator observations

Data status

98.3%Verified / 1131.7%Preliminary / 2

Confidence

100.0%High / 115
Evidence systemLatest bounded snapshot, largest groups first
GroupRowsAverageRange
Employment and earnings115$31.40$26.00 to $37.62

04 / Exact paired lens

Private payroll employment and hourly earnings

Published total-private payroll employment and nominal average hourly earnings for the same calendar month.

Same entity + same period0.745Pearson correlation across 115 exact pairs

-1 inverse 0 +1 aligned

Pairing rule
Same total-private CES universe and exact calendar month
Companion indicator
Payroll employment
Matched current-series rows
115 / 115 (100.0%)
Unpaired current-series rows
0; excluded from correlation

Interpretation boundaryThe National Economic Context Observatory places exact source observations on one dated workspace, but it does not merge their units, frequencies, universes, seasonal-adjustment conventions, or release calendars. Monthly, quarterly, calendar-year, and fiscal-year signals keep independent scales. Missing periods are not interpolated or carried forward. These descriptive accounts do not establish concentration, profits, markups, employer power, a legal antitrust market, policy effectiveness, welfare effects, or causation, and they are never combined into a composite score. Payroll jobs and nominal hourly earnings retain different units; their association is descriptive and composition-sensitive.

05 / Source custody

Evidence behind the series

1 source family, 0 contextual references, and 1 encoded methodology note.

Public dataset

Current Employment Statistics, monthly employment, hours, and earnings

U.S. Bureau of Labor Statistics

Rows
115
Years
2017-2026
Accessed
Aug 13, 2026
Reusable indicator packetExact rows, stable identifier, and explicit route contract
Canonical URL
/indicators/hourly-earnings
Indicator filter
indicator=hourly-earnings
License
Antitrust Radar compilation: CC BY 4.0; upstream terms remain in force
Method notes encoded on rowsNo inferred methodology is substituted
  1. 01

    Seasonally adjusted average hourly earnings for total-private payroll employees in current dollars. The series is nominal and composition-sensitive.

Indicator evidence guardrail

One measure, one contract

This profile documents one bounded indicator at a time. Its ranks, distributions, histories, and paired views remain inside the stated universe, period basis, source, unit, and methodology; they are descriptive research screens, not legal findings or components of a composite score.

The National Economic Context Observatory places exact source observations on one dated workspace, but it does not merge their units, frequencies, universes, seasonal-adjustment conventions, or release calendars. Monthly, quarterly, calendar-year, and fiscal-year signals keep independent scales. Missing periods are not interpolated or carried forward. These descriptive accounts do not establish concentration, profits, markups, employer power, a legal antitrust market, policy effectiveness, welfare effects, or causation, and they are never combined into a composite score.

Read methodology