12-Month Moving Average of Unweighted Median Hourly Wage Growth: Age: 16-24 Years
This dataset tracks 12-month moving average of unweighted median hourly wage growth: age: 16-24 years over time.
Latest Value
5.90
Year-over-Year Change
-29.76%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks wage growth for young workers aged 16-24 using a 12-month moving average. Provides insights into entry-level labor market dynamics and youth employment trends.
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 metric captures the evolving wage patterns for younger workers, helping economists understand labor market entry conditions and compensation trends.
Methodology
Calculated using unweighted median hourly wage growth data for the specified age group.
Historical Context
Used by policymakers to assess youth employment and wage development strategies.
Key Facts
- Focuses on 16-24 age demographic
- Uses 12-month moving average methodology
- Reflects entry-level wage trends
FAQs
Q: What does this wage growth metric indicate?
A: It shows how hourly wages are changing for young workers over time. Helps understand entry-level job market conditions.
Q: Why is this data important?
A: Provides insights into youth employment and compensation trends. Useful for economic policy and labor market analysis.
Q: How is the data calculated?
A: Uses an unweighted median approach to track hourly wage changes over a 12-month period.
Q: What age group does this cover?
A: Specifically tracks wage growth for workers between 16 and 24 years old.
Q: How often is this data updated?
A: Typically updated periodically to reflect current labor market conditions.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Age: 16-24 Years (FRBATLWGT12MMUMHWGA1644Y), retrieved from FRED.