12-Month Moving Average of Unweighted Median Hourly Wage Growth: Hours: Usually Part-Time
This dataset tracks 12-month moving average of unweighted median hourly wage growth: hours: usually part-time over time.
Latest Value
3.60
Year-over-Year Change
-26.53%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks 12-month moving average of median hourly wage growth for part-time workers. Provides critical insights into labor market dynamics and wage 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
Measures median wage changes for usually part-time workers using a 12-month moving average. Helps understand labor market flexibility and compensation patterns.
Methodology
Calculated using Bureau of Labor Statistics wage survey data and moving average techniques.
Historical Context
Used by policymakers to assess labor market conditions and wage pressures.
Key Facts
- Focuses on part-time worker wage dynamics
- Uses 12-month moving average for smoothing
- Indicates labor market flexibility
FAQs
Q: What does this economic indicator measure?
A: Tracks median hourly wage growth for part-time workers using a 12-month moving average. Provides insights into labor market compensation trends.
Q: Why is part-time wage data important?
A: Reflects labor market flexibility, economic conditions, and compensation trends for a significant workforce segment.
Q: How is the moving average calculated?
A: Averages wage growth data over 12 months to smooth out short-term fluctuations and reveal underlying trends.
Q: What can this data tell economists?
A: Provides insights into wage pressures, labor market health, and potential economic shifts affecting part-time workers.
Q: How frequently is this data updated?
A: Typically updated monthly, reflecting the most recent wage and employment survey data.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Hours: Usually Part-Time (FRBATLWGT12MMUMHWGHUPT), retrieved from FRED.