FX.co ★ US Average Hourly Earnings Hold Steady at 3.7% Year-over-Year in January

Average hourly earnings in the United States rose 3.7% year-over-year in January 2026, unchanged from the revised 3.7% increase recorded in the previous period. The data, updated on 11 February 2026, show that wage growth maintained the same annual pace when comparing January 2026 to January 2025 as it did in the prior month’s year-over-year comparison.

The figures are based on a year-over-year comparison framework, where the “actual” reading reflects the change in wages for January relative to the same month a year earlier, and the “previous” figure captures the change measured in the prior month against its corresponding month a year before. The steady 3.7% rate suggests that wage pressures remained stable at the start of 2026, with no acceleration or slowdown versus the earlier annual comparison.