A range of financial institutions published outlooks for U.S. average hourly earnings growth in June, compared with a prior year-over-year reading of 3.4% and a prior month-over-month reading of 0.3%.
According to Jin10, forecasts for the year-over-year rate cluster mainly between 3.3% and 3.6%, with a Reuters consensus expectation of 3.5%.
Spartan Securities projected 3.3%. Several institutions projected 3.4%, including Citigroup, JPMorgan, Morgan Stanley, NatWest, Standard Chartered, and others. Many forecasts were at 3.5%, including ANZ, Bank of Montreal, BNP Paribas, BofA Securities, Capital Economics, Barclays, DekaBank, HSBC, and others. Jefferies projected 3.6%.
For the month-over-month rate, most forecasts ranged from 0.2% to 0.4%, with a Reuters consensus expectation of 0.3%.
Several institutions projected 0.2%, including Citigroup, CIBC, Goldman Sachs, JPMorgan, Morgan Stanley, Nomura, NatWest, Pantheon Macroeconomics, and TD Securities. Many projected 0.3%, including Lloyds, ANZ, Moody’s Analytics, Oxford Economics, Standard Chartered, Barclays, BNP Paribas, BofA Securities, Capital Economics, Scotiabank, Danske Bank, Commerzbank, DekaBank, HSBC, Wells Fargo, Deutsche Bank, Sumitomo Mitsui, Nordea, UBS, and others. Mizuho Securities projected 0.4%.
Institutions Forecast U.S. June Average Hourly Earnings Growth
2026-07-02 08:38:09
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
