12-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Switcher
FRBATLWGT12MMUMHWGJSW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-20.37%
Date Range
12/1/1997 - 7/1/2025
Summary
The 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Switcher measures wage growth for workers who have changed jobs over the past year. It provides insights into labor market dynamics and inflationary pressures.
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 economic indicator tracks the median hourly wage growth for employees who have switched jobs within the past 12 months. It offers a real-time gauge of labor market tightness and is used by policymakers and analysts to understand inflationary trends.
Methodology
The data is collected through household surveys and calculated as a 12-month moving average.
Historical Context
Policymakers monitor this metric to assess the health of the labor market and inform monetary policy decisions.
Key Facts
- The average 12-month wage growth for job switchers is currently XX%.
- Wage growth for job switchers typically exceeds that of job stayers.
- This metric provides a timely signal of labor market tightness.
FAQs
Q: What does this economic trend measure?
A: The 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Switcher measures the change in median hourly wages for workers who have changed jobs in the past year.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into labor market dynamics and inflationary pressures, as wage growth for job switchers is often seen as a leading indicator of broader wage inflation.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculated as a 12-month moving average.
Q: How is this trend used in economic policy?
A: Policymakers monitor this indicator to assess the health of the labor market and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a slight delay in publication.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Switcher (FRBATLWGT12MMUMHWGJSW), retrieved from FRED.