12-Month Moving Average of Unweighted Median Hourly Wage Growth for the New England Census Division
FRBATLWGT12MMUMHWGNECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-23.08%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks median hourly wage growth in the New England Census Division over a 12-month period. Offers critical insights into regional labor market dynamics.
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 moving average helps smooth out monthly wage fluctuations to reveal underlying economic trends. It provides a comprehensive view of wage growth in the New England region.
Methodology
Calculated by averaging median hourly wage growth data over 12 consecutive months.
Historical Context
Utilized by economists and policymakers to assess regional economic conditions.
Key Facts
- Covers New England Census Division states
- 12-month moving average reduces volatility
- Reflects regional economic performance
FAQs
Q: What states are in the New England Census Division?
A: Includes Massachusetts, Connecticut, Rhode Island, New Hampshire, Vermont, and Maine.
Q: Why use a moving average for wage data?
A: Helps identify long-term wage growth trends by minimizing short-term fluctuations.
Q: How is median wage calculated?
A: Determined by finding the middle value of hourly wages in the region.
Q: What insights does this data provide?
A: Offers a comprehensive view of wage growth and labor market conditions in New England.
Q: How frequently is the data updated?
A: Typically updated monthly with the most recent wage information.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth for the New England Census Division (FRBATLWGT12MMUMHWGNECD), retrieved from FRED.