Average hourly earnings for employees on private payrolls up 2.9 percent for year ended August 2018

September 11, 2018

From August 2017 to August 2018, average hourly earnings for all employees on private nonfarm payrolls increased by 77 cents, or 2.9 percent. Over that period, private nonfarm payroll employment increased by 2.3 million, or 1.9 percent. Employment in professional and business services rose by 519,000 over the year, an increase of 2.5 percent, while construction added 297,000 jobs, or 4.3 percent.

12-month percent change in employment and average hourly earnings by industry for all employees on private nonfarm payrolls, August 2017 to August 2018, seasonally adjusted
Industry Percent change
in employment(p)
Percent change
in average hourly earnings(p)
Employment
in August 2018(p)

Total private

1.9% 2.9% 126,939,000

Mining and logging

8.1 1.5 746,000

Construction

4.3 3.3 7,259,000

Manufacturing

2.0 1.8 12,717,000

Wholesale trade

1.7 2.0 6,007,100

Retail trade

0.4 3.2 15,913,500

Transportation and warehousing

3.3 2.3 5,349,000

Utilities

-0.6 4.8 550,500

Information

-1.1 3.4 2,762,000

Financial activities

1.3 4.7 8,588,000

Professional and business services

2.5 3.0 21,062,000

Education and health services

1.9 2.6 23,732,000

Leisure and hospitality

1.6 3.2 16,374,000

Other services

1.6 1.9 5,879,000
Footnotes:

(p) = preliminary.

In August 2018, wholesale trade employment increased by 99,000 over the year, or 1.7 percent. Durable goods wholesalers accounted for about two-thirds of the over-the-year job gain in wholesale trade. Over that period, average hourly earnings in wholesale trade increased 2.0 percent.

For the year ended August 2018, employment in manufacturing was up by 254,000. More than three-fourths of the gain was in the durable goods component. Over that period, average hourly earnings in manufacturing increased 1.8 percent.

From August 2017 to August 2018, average hourly earnings in both utilities and financial activities increased over 4.0 percent.

These data are from the Current Employment Statistics program. Data for the most recent 2 months are preliminary. See "The Employment Situation — August 2018" to learn more. For additional charts, see Graphics for Economic News Releases: The Employment Situation.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Average hourly earnings for employees on private payrolls up 2.9 percent for year ended August 2018 on the Internet at https://www.bls.gov/opub/ted/2018/average-hourly-earnings-for-employees-on-private-payrolls-up-2-point-9-percent-for-year-ended-august-2018.htm (visited November 16, 2018).

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