State Minimum Wage Rate for Oklahoma
STTMINWGOK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.25
Year-over-Year Change
0.00%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Oklahoma tracks the legally mandated minimum hourly wage in the state. This data point is important for economists and policymakers to assess labor market conditions and the impact of minimum wage policies.
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 State Minimum Wage Rate for Oklahoma represents the lowest hourly wage that employers in the state are legally required to pay their workers. This metric is closely monitored by labor market analysts to understand trends in worker compensation and the effects of minimum wage legislation.
Methodology
The data is collected and reported by the U.S. Department of Labor.
Historical Context
The Oklahoma state minimum wage informs discussions around labor market regulations and cost-of-living adjustments.
Key Facts
- Oklahoma's minimum wage is currently $7.25 per hour.
- The state minimum wage has remained unchanged since 2009.
- Oklahoma is one of 20 states that follow the federal minimum wage of $7.25.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Oklahoma tracks the legally required minimum hourly wage that employers in the state must pay their workers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding labor market dynamics and the impacts of minimum wage policies in Oklahoma.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: The Oklahoma state minimum wage informs discussions around labor regulations and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published regularly without significant delays, though it may not capture immediate changes in minimum wage laws.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Oklahoma (STTMINWGOK), retrieved from FRED.