U.S. nonfinancial corporate sector real compensation quarterly change 2020-2024

Published by Statista Research Department, Dec 4, 2024

The real hourly compensation in the nonfinancial corporate sector of the United States experienced an increase of 1.7 percent during the second quarter of 2024. The data are seasonally adjusted at annual rates. Labor compensation includes accrued wages and salaries, supplements, employer contributions to employee benefit plans, and taxes.

Quarterly percent change in the nonfinancial corporate sector real hourly compensation in the United States from the second quarter of 2020 to the second quarter of 2024

CharacteristicPercent change from preceding quarter
Q2 '24 1.7%
Q1 '24 7.5%
Q4 '23 1.4%
Q3 '23 0.7%
Q2 '23 2.8%
Q1 '23 1.8%
Q4 '22 -3.7%
Q3 '22 0.8%
Q2 '22 -7.6%
Q1 '22 -5.9%
Q4 '21 -4.1%
Q3 '21 1.8%
Q2 '21 -1.8%
Showing entries 1 to 13 (16 entries in total)
Created with Highcharts 7.2.2Percent change from preceding quarter-11.3%-11.3%5.2%5.2%-3.6%-3.6%-1.8%-1.8%1.8%1.8%-4.1%-4.1%-5.9%-5.9%-7.6%-7.6%0.8%0.8%-3.7%-3.7%1.8%1.8%2.8%2.8%0.7%0.7%1.4%1.4%7.5%7.5%1.7%1.7%Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24
-15%-10%-5%0%5%10%

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Release date

November 2024

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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