12-Month Moving Average of Unweighted Median Hourly Wage Growth for the West North Central Census Division
FRBATLWGT12MMUMHWGWNCCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-14.29%
Date Range
12/1/1997 - 7/1/2025
Summary
The 12-Month Moving Average of Unweighted Median Hourly Wage Growth for the West North Central Census Division tracks changes in median hourly wages over time, providing insights into regional labor market 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 series measures the year-over-year growth rate of the unweighted median hourly wage for the West North Central Census Division, which includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. It is used by economists and policymakers to monitor regional wage pressures and inform decisions around employment and monetary policy.
Methodology
The data is calculated by the Federal Reserve Bank of Atlanta using Bureau of Labor Statistics household survey data.
Historical Context
This wage growth metric is a key indicator of labor market conditions and can influence policy decisions by the Federal Reserve and other government agencies.
Key Facts
- Wage growth in the West North Central region has outpaced the national average in recent years.
- The region's median hourly wage is lower than the U.S. overall, but has been rising steadily.
- This metric provides a timely gauge of regional labor market conditions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the 12-month moving average of the unweighted median hourly wage growth for the West North Central Census Division, providing insights into regional labor market trends.
Q: Why is this trend relevant for users or analysts?
A: This wage growth metric is a key indicator of labor market conditions in the region and can inform policy decisions by the Federal Reserve and other government agencies.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of Atlanta using Bureau of Labor Statistics household survey data.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to monitor regional wage pressures and inform decisions around employment and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks from the reference period.
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Citation
U.S. Federal Reserve, 12-Month Moving Average of Unweighted Median Hourly Wage Growth for the West North Central Census Division (FRBATLWGT12MMUMHWGWNCCD), retrieved from FRED.