State Minimum Wage Rate for California
STTMINWGCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.50
Year-over-Year Change
106.25%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for California tracks the minimum hourly wage legally required for most workers in the state. This metric is closely monitored by economists and policymakers to assess cost-of-living trends and the potential impacts on employment and business activity.
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 California state minimum wage represents the lowest legal pay rate for non-exempt employees working in the state. It is a key labor market indicator used to evaluate income inequality, poverty, and the purchasing power of lower-wage workers.
Methodology
The data is collected and published by the U.S. Department of Labor.
Historical Context
The California minimum wage is a policy tool used to address economic inequality and improve living standards for low-income residents.
Key Facts
- California has the highest state minimum wage in the U.S. at $15.50 per hour.
- The minimum wage in California has increased by 79% since 2013.
- An estimated 6.5 million Californians earn minimum wage or just above it.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for California tracks the legally required minimum hourly pay for most non-exempt workers in the state.
Q: Why is this trend relevant for users or analysts?
A: The California minimum wage is a key indicator for assessing cost-of-living, income inequality, and the purchasing power of low-wage workers.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: The California minimum wage is a policy tool used to address economic inequality and improve living standards for low-income residents.
Q: Are there update delays or limitations?
A: The data is published in a timely manner with no significant delays or limitations.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for California (STTMINWGCA), retrieved from FRED.