12-Month Moving Average of Unweighted Median Hourly Wage Growth for the Pacific Census Division
FRBATLWGT12MMUMHWGPCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-11.54%
Date Range
12/1/1997 - 7/1/2025
Summary
Tracks median hourly wage growth in the Pacific Census Division over a 12-month period. Provides insights into regional labor market dynamics and wage trends.
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 smooths out monthly fluctuations to reveal underlying wage growth patterns. It helps economists understand labor market conditions in the Pacific region.
Methodology
Calculated by averaging median hourly wage growth data over 12 consecutive months.
Historical Context
Used by policymakers and economists to assess regional economic health and labor market trends.
Key Facts
- Covers Pacific Census Division states
- 12-month moving average smooths volatility
- Reflects regional economic conditions
FAQs
Q: What states are included in the Pacific Census Division?
A: The Pacific Division includes California, Oregon, Washington, and Alaska.
Q: Why use a 12-month moving average?
A: Smooths out short-term fluctuations to reveal long-term wage growth trends.
Q: How is median hourly wage calculated?
A: Calculated by finding the middle value of hourly wages in the region.
Q: What does this data tell economists?
A: Provides insights into regional labor market health and wage growth patterns.
Q: How often is this data updated?
A: Typically updated monthly with the latest available wage information.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth for the Pacific Census Division (FRBATLWGT12MMUMHWGPCD), retrieved from FRED.