3-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Movement: Job Stayer
This dataset tracks 3-month moving average of unweighted median hourly wage growth: job movement: job stayer over time.
Latest Value
4.10
Year-over-Year Change
-8.89%
Date Range
3/1/1997 - 7/1/2025
Summary
Tracks three-month moving average of median hourly wage growth for job stayers. Provides critical insight into wage stability and 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 metric measures wage changes for employees who remain in their current jobs. It helps economists understand wage growth patterns without job movement.
Methodology
Calculated using three-month moving average of median hourly wage data for consistent workers.
Historical Context
Used by economists and policymakers to assess labor market health and wage trends.
Key Facts
- Measures wage stability for consistent workers
- Provides insights into labor market conditions
- Helps track economic compensation trends
FAQs
Q: What does 'job stayers' mean in this context?
A: Employees who remain in their current job without changing employers during the measurement period.
Q: Why is this wage growth metric important?
A: It reveals wage trends for stable workers, distinct from those changing jobs or experiencing rapid career transitions.
Q: How is the three-month moving average calculated?
A: Averages wage growth data over three consecutive months to smooth out short-term fluctuations.
Q: What can this data tell us about the economy?
A: Indicates wage stability, labor market health, and potential inflationary pressures.
Q: Are there limitations to this metric?
A: Focuses only on job stayers, potentially missing broader wage dynamics in more dynamic job markets.
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Citation
U.S. Federal Reserve, 3-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Movement: Job Stayer (FRBATLWGT3MMAUMHWGJMJST), retrieved from FRED.