12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Construction and Mining
FRBATLWGT12MMUMHWGICM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-8.77%
Date Range
12/1/1997 - 6/1/2025
Summary
The 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Construction and Mining tracks changes in median hourly wages for workers in the construction and mining sectors. This metric provides insight into labor market dynamics and inflationary pressures in these key industries.
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 series represents the 12-month moving average of the unweighted median hourly wage growth for employees in the construction and mining industries. It is used by economists and policymakers to monitor wage inflation and assess the broader health of the labor market.
Methodology
The data is collected through household and employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This wage growth metric is closely watched by the Federal Reserve and other institutions for its implications on monetary policy and economic decision-making.
Key Facts
- Wages in construction and mining rose 4.2% in the past 12 months.
- This metric reached a record high of 6.3% in 2022.
- Rapid wage growth in these industries can signal broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 12-month moving average of the unweighted median hourly wage growth for workers in the construction and mining industries.
Q: Why is this trend relevant for users or analysts?
A: This wage growth metric provides insights into labor market dynamics and inflationary pressures in key sectors of the economy, which is highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This wage growth trend is closely watched by the Federal Reserve and other institutions for its implications on monetary policy and economic decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication lags and revisions common to economic statistics.
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12-Month Moving Average of Unweighted Median Hourly Wage Growth: Wage Distribution: 1st to 50th Wage Percentile
FRBATLWGT12MMUMHWGWDLHWP
Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Construction and Mining (FRBATLWGT12MMUMHWGICM), retrieved from FRED.