12-Month Moving Average of Unweighted Median Hourly Wage Growth: Race: Non-White
FRBATLWGT12MMUMHWGRNW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-15.69%
Date Range
12/1/1997 - 7/1/2025
Summary
This economic trend measures the 12-month moving average of unweighted median hourly wage growth for non-white workers in the United States. It provides insights into labor market dynamics and the relative earnings of diverse demographic groups.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Race: Non-White is a key indicator used by economists and policymakers to analyze wage trends and labor market conditions for non-white workers. It offers a longer-term perspective on wage growth by smoothing out monthly volatility.
Methodology
The data is calculated by the Federal Reserve Bank of Atlanta using survey data on hourly wages.
Historical Context
This wage growth trend is closely monitored for its implications on consumer spending, inflation, and the overall health of the labor market.
Key Facts
- The series has been published since 2006.
- Wage growth for non-white workers has generally trended higher since the Great Recession.
- This metric helps assess progress on racial equity in the labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 12-month moving average of unweighted median hourly wage growth for non-white workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into labor market dynamics and the relative earnings of diverse demographic groups, which is crucial for policymakers and economists assessing labor market health and equity.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of Atlanta using survey data on hourly wages.
Q: How is this trend used in economic policy?
A: This wage growth trend is closely monitored for its implications on consumer spending, inflation, and the overall health of the labor market, informing economic policymaking.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around two months.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Race: Non-White (FRBATLWGT12MMUMHWGRNW), retrieved from FRED.