State Minimum Wage Rate for Pennsylvania
STTMINWGPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.25
Year-over-Year Change
0.00%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Pennsylvania tracks the minimum hourly wage that employers in Pennsylvania must pay their workers. This metric is a key indicator of labor market conditions and cost of living trends in the state.
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 Pennsylvania represents the lowest legal hourly pay that can be offered to workers in the state. Policymakers and economists analyze this data to understand labor force dynamics, income inequality, and the broader economic climate.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in Pennsylvania.
Historical Context
The Pennsylvania state minimum wage informs policy decisions around worker protections and economic development.
Key Facts
- Pennsylvania's minimum wage is currently $7.25 per hour.
- The state minimum wage has not changed since 2009.
- Minimum wage laws impact over 200,000 workers in Pennsylvania.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Pennsylvania tracks the lowest legal hourly pay that employers in the state can offer their workers.
Q: Why is this trend relevant for users or analysts?
A: The Pennsylvania minimum wage rate is a key indicator of labor market conditions, cost of living, and economic policy in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in Pennsylvania.
Q: How is this trend used in economic policy?
A: The Pennsylvania state minimum wage informs policy decisions around worker protections and economic development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, though the minimum wage rate may remain unchanged for extended periods.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for Pennsylvania (STTMINWGPA), retrieved from FRED.