US September Average Hourly Earnings YoY: A Key Indicator for Economic Outlook

On September 5, 2025, the US Department of Labor released the year-over-year change in average hourly earnings for September. The actual figure was 3.7%, matching both the forecast and the previous reading of 3.70%.This indicator measures wage and salary levels for employees in the private non-farm sector and is widely regarded as a critical signal for economic improvement and potential interest rate changes. An anticipated increase in average hourly earnings may fuel optimism about economic recovery, thereby influencing market sentiment.The importance of this data is rated at level 3. The annual rate is calculated based on wage changes over the prior year. The report is published monthly, typically on the first Friday of each month, except during special holidays or adjustments to the statistical cycle. The next release is scheduled for November 7, 2025.

this-content

disclaimer-th