12-Month Moving Average of Weighted Median Hourly Wage Growth: Overall
FRBATLWGT12MMAWMHWGO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.40
Year-over-Year Change
-13.73%
Date Range
12/1/1997 - 7/1/2025
Summary
The 12-Month Moving Average of Weighted Median Hourly Wage Growth: Overall measures the year-over-year change in the median hourly wage across all occupations and demographics, providing insight into broader wage trends.
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
This series represents the 12-month moving average of the weighted median hourly wage growth, which smooths out monthly volatility to reveal longer-term wage growth patterns. It is a key metric used by economists and policymakers to assess the overall strength of the labor market and inflationary pressures.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Historical Context
This wage growth trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The 12-month moving average wage growth reached a high of 6.7% in March 2023.
- Wage growth has remained elevated as the labor market has remained tight.
- Sustained high wage growth is a key factor influencing the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median hourly wage across all occupations and demographics, providing insight into broader wage growth patterns.
Q: Why is this trend relevant for users or analysts?
A: This wage growth metric is closely monitored by economists and policymakers to assess the strength of the labor market and inflationary pressures, which are key factors influencing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through the Current Population Survey.
Q: How is this trend used in economic policy?
A: The 12-month moving average of weighted median hourly wage growth is a key metric used by the Federal Reserve and other institutions to inform monetary policy decisions, as sustained high wage growth can contribute to inflationary pressures.
Q: Are there update delays or limitations?
A: The data is typically published with a one-month lag, and the 12-month moving average may not fully capture the most recent wage growth dynamics.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Weighted Median Hourly Wage Growth: Overall (FRBATLWGT12MMAWMHWGO), retrieved from FRED.