3-Month Moving Average of Weighted Median Hourly Wage Growth: Overall
FRBATLWGT3MMAWMHWGO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.30
Year-over-Year Change
-6.52%
Date Range
3/1/1997 - 7/1/2025
Summary
The 3-Month Moving Average of Weighted Median Hourly Wage Growth: Overall measures changes in the typical hourly wage across the U.S. labor force. It is a key economic indicator for policymakers and analysts monitoring labor market conditions.
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 represents the 3-month moving average of the weighted median hourly wage growth rate for all workers in the United States. The weighted median is a measure that identifies the 'typical' wage change, providing insights into broader compensation trends beyond just average wages.
Methodology
The data is calculated by the Federal Reserve Bank of Atlanta using Current Population Survey microdata.
Historical Context
Economists and policymakers closely track this metric to gauge the strength of the labor market and inflationary pressures.
Key Facts
- The 3-month moving average smooths out monthly volatility in the underlying wage growth metric.
- The weighted median provides a more representative measure of 'typical' wage changes than the arithmetic mean.
- Wage growth is a key input for Federal Reserve policymakers in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 3-Month Moving Average of Weighted Median Hourly Wage Growth: Overall tracks changes in the typical hourly wage across the entire U.S. labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into broader labor market and inflationary conditions, which are closely monitored by policymakers and market participants.
Q: How is this data collected or calculated?
A: The Federal Reserve Bank of Atlanta calculates this series using microdata from the Current Population Survey.
Q: How is this trend used in economic policy?
A: Wage growth is a key economic indicator that helps the Federal Reserve assess labor market conditions and inflationary pressures when setting monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, 3-Month Moving Average of Weighted Median Hourly Wage Growth: Overall (FRBATLWGT3MMAWMHWGO), retrieved from FRED.