3-Month Moving Average of Unweighted Median Hourly Wage Growth: Services Sector
FRBATLWGT3MMAUMHWGSS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-14.58%
Date Range
3/1/1997 - 7/1/2025
Summary
Tracks three-month moving average of unweighted median hourly wage growth in the services sector. Provides nuanced insights into wage 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 growth trends across service industries. Helps economists understand labor market compensation patterns.
Methodology
Calculated using median hourly wage data from service sector employment surveys.
Historical Context
Used by economists and policymakers to assess labor market health and wage trends.
Key Facts
- Reflects service sector wage dynamics
- Provides unbiased wage growth perspective
- Uses three-month moving average for smoothing
FAQs
Q: What makes this wage growth metric unique?
A: Uses unweighted median approach, providing a more representative view of typical wage changes.
Q: Why focus on the services sector?
A: Services represent a significant portion of modern economic activity and employment.
Q: How does a moving average help?
A: Smooths short-term fluctuations, revealing more stable underlying wage growth trends.
Q: What industries are included?
A: Encompasses broad range of service industries, from retail to professional services.
Q: How frequently is this data updated?
A: Typically updated monthly, providing current insights into wage dynamics.
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Citation
U.S. Federal Reserve, 3-Month Moving Average of Unweighted Median Hourly Wage Growth: Services Sector (FRBATLWGT3MMAUMHWGSS), retrieved from FRED.