Unweighted Median Hourly Wage Growth (1983): Overall
This dataset tracks unweighted median hourly wage growth (1983): overall over time.
Latest Value
4.10
Year-over-Year Change
-8.89%
Date Range
1/1/1983 - 7/1/2025
Summary
Tracks median hourly wage growth across the entire workforce since 1983. Provides crucial insight into labor market compensation trends and economic mobility.
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 the unweighted median hourly wage growth, offering a representative view of typical worker earnings across different economic sectors.
Methodology
Calculated using survey data from the Bureau of Labor Statistics wage tracking methodology.
Historical Context
Used by policymakers to assess labor market health and wage dynamics.
Key Facts
- Tracks wage growth since 1983
- Represents median worker earnings
- Crucial economic mobility indicator
FAQs
Q: What does unweighted median hourly wage growth mean?
A: It represents the middle point of hourly wages without adjusting for population distribution. Provides a direct view of typical worker earnings.
Q: How often is this data updated?
A: Typically updated quarterly or annually by the Federal Reserve and Bureau of Labor Statistics.
Q: Why is median wage growth important?
A: Indicates economic health, worker purchasing power, and potential income inequality trends.
Q: How does this differ from average wage growth?
A: Median shows the true middle point, less skewed by extreme high or low wages compared to average calculations.
Q: Can this data predict economic trends?
A: Wage growth is a key indicator of labor market strength and potential economic expansion or contraction.
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Citation
U.S. Federal Reserve, Unweighted Median Hourly Wage Growth (1983): Overall (FRBATLWGTUMHWG83O), retrieved from FRED.