12-Month Moving Average of Unweighted Median Hourly Wage Growth: Non-MSA Area
This dataset tracks 12-month moving average of unweighted median hourly wage growth: non-msa area over time.
Latest Value
4.30
Year-over-Year Change
-14.00%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks the 12-month moving average of median hourly wage growth in non-metropolitan statistical areas. Provides insight into wage trends in rural and smaller economic regions.
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 captures wage progression for workers outside major metropolitan centers. It helps economists understand regional economic dynamics and labor market conditions.
Methodology
Calculated using median hourly wage data from non-metropolitan areas over a 12-month period.
Historical Context
Used by policymakers to assess economic health in rural and smaller regional labor markets.
Key Facts
- Reflects wage trends in non-metropolitan areas
- 12-month moving average smooths short-term fluctuations
- Important indicator of rural economic health
FAQs
Q: What does this wage growth metric measure?
A: It tracks median hourly wage changes in areas outside major metropolitan statistical areas over 12 months.
Q: Why are non-metropolitan wage trends important?
A: They provide crucial insights into economic conditions in rural and smaller regional labor markets.
Q: How is the 12-month moving average calculated?
A: By taking the average of median hourly wage data over the past 12 consecutive months.
Q: What can this data tell economists?
A: It reveals wage progression and economic health in non-urban areas across different sectors.
Q: How often is this data updated?
A: Typically updated periodically by the Federal Reserve to reflect current economic conditions.
Related News
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth: Non-MSA Area (FRBATLWGT12MMUMHWGNMSA), retrieved from FRED.