FX.co ★ US Wages Rise More than Expected

In May 2025, the average hourly earnings for all employees on US private nonfarm payrolls experienced a monthly rise of 15 cents, or 0.4%, reaching $36.24. This increase follows a 0.2% uptick in April and exceeds market expectations of a 0.3% rise, marking the largest wage growth since January. Specifically, average hourly earnings for private-sector production and nonsupervisory employees grew by 12 cents, or 0.4%, bringing their earnings to $31.18. Over the last year, average hourly earnings have gone up by 3.9%, consistent with April's revised figure and outperforming the anticipated 3.7% increase.