Business sector real hourly compensation quarterly change U.S. 2024 | Statista

The United States nonfarm business sector real hourly compensation increased by 1.1 percent at an annual rate during the first quarter of 2024. The data are seasonally adjusted at annual rates. Real hourly compensation is adjusted for inflation.

Quarterly percent change in nonfarm business sector real hourly compensation in the United States from the first quarter of 2020 to the first quarter of 2024

Characteristic	Percent change from preceding quarter
Q1 '24	1.1%
Q4 '23	0.8%
Q3 '23	1.1%
Q2 '23	2.8%
Q1 '23	2.9%
Q4 '22	-3.9%
Q3 '22	1.7%
Q2 '22	-8.5%
Q1 '22	-6.6%
Q4 '21	-2.6%
Q3 '21	-1.1%
Q2 '21	-1.6%
Q1 '21	-3.8%
Q4 '20	7.6%
Q3 '20	-10.6%
Q2 '20	25.7%
Q1 '20	10.2%

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Release date

May 2024

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Region

United States

Survey time period

2020 to 2024

Supplementary notes

Real hourly compensation is adjusted for inflation based on the Consumer Price Index for all urban consumers (CPI-U).

For a detailed explanation on the methodology employed by the Bureau of Labor Statistics to calculate the data see here.

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