12-Month Moving Average of Unweighted Median Hourly Wage Growth: Industry: Leisure and Hospitality and Other Services
FRBATLWGT12MMUMHWGILH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-4.17%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks wage growth trends in leisure and hospitality sectors through a moving average methodology. Provides insights into labor market dynamics and compensation changes.
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 measures median hourly wage progression in service-oriented industries. It helps economists understand labor market compensation trends.
Methodology
Calculates 12-month moving average of unweighted median hourly wage growth for specific industries.
Historical Context
Used by policymakers and economists to assess labor market health and wage dynamics.
Key Facts
- Focuses on leisure and hospitality wage trends
- Uses 12-month moving average for smoothing
- Reflects service sector compensation changes
FAQs
Q: What industries does this wage growth metric cover?
A: Primarily covers leisure, hospitality, and other service sectors. Provides comprehensive wage trend analysis.
Q: Why use a 12-month moving average?
A: Smooths short-term fluctuations and reveals underlying wage growth trends more clearly.
Q: How reliable is this wage growth indicator?
A: Produced by Federal Reserve, offering a credible and systematic approach to tracking wage changes.
Q: What economic insights can be gained?
A: Helps understand labor market health, compensation trends, and service sector economic performance.
Q: How often is this data updated?
A: Typically updated periodically by the Federal Reserve with the most recent available data.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth (FRBATLWGT12MMUMHWGILH), retrieved from FRED.