U.S. nonfinancial corporate sector real compensation quarterly change 2020-2023

Published by Statista Research Department, May 8, 2024
The real hourly compensation in the nonfinancial corporate sector of the United States experienced an increase of 1.2 percent during the fourth quarter of 2023. 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 fourth quarter of 2020 to the fourth quarter of 2023

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Release date

May 2024

Region

United States

Survey time period

2020 to 2023

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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