12-Month Moving Average of Unweighted Median Hourly Wage Growth: Overall
FRBATLWGT12MMUMHGO • 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
The 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Overall tracks changes in U.S. workers' typical hourly wages. This key metric provides insight into the pace of wage inflation and the strength of the labor market.
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 Federal Reserve data series measures the 12-month moving average of the median hourly wage growth for all U.S. workers, without adjusting for employment weights. It offers a high-level view of how typical workers' pay is changing over time.
Methodology
The data is collected through the Bureau of Labor Statistics' Current Population Survey.
Historical Context
Economists and policymakers closely monitor wage growth trends to assess inflationary pressures and the overall health of the economy.
Key Facts
- The series has a base year of 2017.
- Wage growth reached a high of 5.3% in 2022.
- Rapid wage growth can contribute to inflation.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the 12-month moving average of the median hourly wage growth for all U.S. workers, providing insight into typical wage changes over time.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a key indicator of labor market conditions and inflationary pressures, making this metric important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor wage growth trends to assess the overall health of the economy and guide decisions on monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Overall (FRBATLWGT12MMUMHGO), retrieved from FRED.