State Minimum Wage Rate for Georgia
Monthly
STTMINWGGAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.25
Year-over-Year Change
40.78%
Date Range
1/1/1972 - 1/1/2019
Summary
The 'Monthly' trend measures average hourly earnings of production and nonsupervisory employees in the manufacturing industry. This metric is a key indicator of wage growth and a useful barometer of economic 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
The 'Monthly' trend represents the average hourly wage rate for production and nonsupervisory employees in the U.S. manufacturing sector. This statistic is closely monitored by economists and policymakers as it provides insight into the strength of the labor market and inflationary pressures.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
The 'Monthly' trend is used to inform monetary policy decisions and analyze the overall health of the economy.
Key Facts
- Manufacturing accounts for about 12% of U.S. GDP.
- Wages for production workers have risen by over 5% in the past year.
- The 'Monthly' trend is released on a monthly basis by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average hourly earnings of production and nonsupervisory employees in the U.S. manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wage growth and labor market conditions, which are key inputs for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Monthly' trend is used by economists and policymakers to monitor inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The 'Monthly' data is released on a monthly basis with a typical one-month lag.
Related Trends
Citation
U.S. Federal Reserve, Monthly (STTMINWGGAM), retrieved from FRED.