State Minimum Wage Rate for Guam
STTMINWGGU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.25
Year-over-Year Change
27.59%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Guam measures the minimum hourly wage that employers in Guam must pay their workers. This data point is important for policymakers and labor economists to assess the cost of living and wage trends in the U.S. territory.
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 Guam reflects the legally mandated minimum hourly wage that must be paid to workers in Guam. It serves as a benchmark for employment compensation and helps shape labor market dynamics and policies in the territory.
Methodology
The data is collected and reported by the U.S. Department of Labor.
Historical Context
Minimum wage policies are a key consideration for economic and workforce development in Guam.
Key Facts
- Guam's minimum wage is currently $8.75 per hour.
- The minimum wage in Guam has increased by $1.00 since 2018.
- Guam's minimum wage is higher than the federal minimum wage of $7.25 per hour.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Guam measures the legally mandated minimum hourly wage that employers in Guam must pay their workers.
Q: Why is this trend relevant for users or analysts?
A: This data is important for policymakers and labor economists to assess the cost of living and wage trends in the U.S. territory of Guam.
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: Minimum wage policies are a key consideration for economic and workforce development in Guam.
Q: Are there update delays or limitations?
A: The data is reported regularly by the U.S. Department of Labor, though there may be some delays in publication.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Guam (STTMINWGGU), retrieved from FRED.