12-Month Moving Average of Unweighted Median Hourly Wage Growth: Type of Pay: Paid Hourly
FRBATLWGT12MMUMHWGTPPH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-21.57%
Date Range
12/1/1997 - 6/1/2025
Summary
This economic trend measures the 12-month moving average of unweighted median hourly wage growth for hourly-paid workers. It provides insight into broad-based changes in wage levels over time.
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 is a measure of wage inflation that captures median wage changes across the U.S. economy. It is used by economists and policymakers to understand labor market dynamics and the trajectory of consumer purchasing power.
Methodology
The data is collected through surveys of U.S. households and businesses by the Federal Reserve.
Historical Context
This wage growth trend is closely watched by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- Wage growth has remained elevated in recent years.
- The trend measures changes in median hourly pay, not just average wages.
- It is an important indicator of inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 12-month moving average of unweighted median hourly wage growth for hourly-paid workers in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This wage growth trend provides insight into broad-based changes in worker compensation, which is a key driver of consumer purchasing power and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and businesses by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This wage growth trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions aimed at maintaining price stability and maximum employment.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insights into wage dynamics.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Type of Pay: Paid Hourly (FRBATLWGT12MMUMHWGTPPH), retrieved from FRED.