Unweighted Median Hourly Wage Growth: Overall
This dataset tracks unweighted median hourly wage growth: overall over time.
Latest Value
4.10
Year-over-Year Change
-12.77%
Date Range
1/1/1997 - 6/1/2025
Summary
The Unweighted Median Hourly Wage Growth: Overall trend measures the rate of change in median hourly wages for the U.S. workforce. This metric provides insights into labor market dynamics and inflationary 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 Unweighted Median Hourly Wage Growth: Overall series tracks the year-over-year percent change in the median hourly wage, regardless of worker characteristics. This reflects broad-based wage trends rather than being skewed by compositional shifts in the labor force.
Methodology
The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Historical Context
Wage growth is a key indicator monitored by policymakers, economists, and financial market participants.
Key Facts
- Wages have risen over 4% year-over-year as of the latest data.
- Median hourly wages provide a more representative measure than average wages.
- Wage growth is a crucial factor in the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Unweighted Median Hourly Wage Growth: Overall trend measures the year-over-year percent change in the median hourly wage for all U.S. workers.
Q: Why is this trend relevant for users or analysts?
A: Wage growth is a key indicator of labor market conditions and inflationary pressures, making it important for policymakers, economists, and financial market participants.
Q: How is this data collected or calculated?
A: The data is calculated from the Current Population Survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Wage growth is closely monitored by the Federal Reserve and factors into their monetary policy decisions aimed at maintaining stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Unweighted Median Hourly Wage Growth: Overall (FRBATLWGTUMHWGO), retrieved from FRED.