FX.co ★ US Wage Growth Matches Estimates at 0.3%

In May 2026, average hourly earnings for all employees on US private nonfarm payrolls increased by 12 cents, or 0.3% over the month, to $37.53. This followed a 0.2% rise in April and was in line with market expectations. Average hourly earnings for private-sector production and nonsupervisory employees rose by 8 cents, or 0.2%, to $32.31 in May. On a year-over-year basis, average hourly earnings were up 3.4% in May, easing from a 3.6% increase in April and matching analysts’ forecasts.