3-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Movement: Job Switcher
FRBATLWGT3MMAUMHWGJMJSW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
3/1/1997 - 7/1/2025
Summary
This economic trend measures the 3-month moving average of unweighted median hourly wage growth for job switchers. It provides insights into the labor market's dynamism and wage pressures.
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
The 3-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Movement: Job Switcher tracks changes in wages for workers who have changed jobs. This metric is used by economists and policymakers to gauge the strength of the labor market and inflationary pressures.
Methodology
The data is collected through surveys of U.S. households and workers.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions.
Key Facts
- The trend has shown steady wage growth for job switchers in recent years.
- Wage growth for job switchers tends to outpace that of job stayers.
- The metric is considered a leading indicator of broader wage inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 3-month moving average of unweighted median hourly wage growth for workers who have changed jobs, providing insights into labor market dynamism and wage pressures.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it offers valuable information about the strength of the labor market and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. households and workers.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic institutions monitor this trend to inform monetary policy decisions and assess the state of the labor market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely insights into the labor market.
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Citation
U.S. Federal Reserve, 3-Month Moving Average of Unweighted Median Hourly Wage Growth: Job Movement: Job Switcher (FRBATLWGT3MMAUMHWGJMJSW), retrieved from FRED.