12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Manufacturing
FRBATLWGT12MMUMHWGIM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks 12-month moving average of hourly wage growth in manufacturing. Provides insights into industry compensation trends and labor market dynamics.
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
Measures wage progression for manufacturing workers over a rolling 12-month period. Indicates sector-specific labor market health and compensation trends.
Methodology
Calculated using unweighted median hourly wage data from manufacturing industry surveys.
Historical Context
Used by economists and policymakers to assess manufacturing sector labor market conditions.
Key Facts
- Represents 12-month moving average of manufacturing wages
- Uses unweighted median hourly wage calculation
- Indicates manufacturing sector labor market trends
FAQs
Q: What does this wage growth metric show?
A: Tracks changes in manufacturing worker hourly wages over a 12-month period. Reflects sector compensation trends.
Q: Why use a 12-month moving average?
A: Smooths out short-term fluctuations and provides a more stable view of wage progression.
Q: How is this different from other wage measures?
A: Uses unweighted median, providing a more representative view of typical manufacturing worker earnings.
Q: What impacts manufacturing wage growth?
A: Influenced by productivity, labor market conditions, and industry-specific economic factors.
Q: How frequently is this data updated?
A: Typically updated monthly, providing current insights into manufacturing wage trends.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Manufacturing (FRBATLWGT12MMUMHWGIM), retrieved from FRED.