State Minimum Wage Rate for Oregon
This dataset tracks state minimum wage rate for oregon over time.
Latest Value
15.95
Year-over-Year Change
78.21%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for Oregon tracks the minimum hourly wage that employers in Oregon must pay their workers. This metric is critical for monitoring labor market dynamics and the cost of living in the state.
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 State Minimum Wage Rate for Oregon represents the legislatively mandated minimum hourly pay that must be provided to employees in the state. This data series is used by policymakers, businesses, and researchers to understand trends in worker compensation and the state's economic conditions.
Methodology
The Oregon state government collects and publishes this minimum wage data.
Historical Context
The Oregon minimum wage rate is an important indicator for assessing the state's cost of living and labor market competitiveness.
Key Facts
- Oregon's minimum wage is adjusted annually based on the Consumer Price Index.
- As of 2023, Oregon's minimum wage is $13.50 per hour.
- Oregon has increased its minimum wage 13 times since 1990.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for Oregon measures the legally mandated minimum hourly pay that employers in the state must provide to their workers.
Q: Why is this trend relevant for users or analysts?
A: The Oregon minimum wage rate is a critical indicator for understanding labor market dynamics, cost of living, and economic conditions in the state.
Q: How is this data collected or calculated?
A: The Oregon state government collects and publishes this minimum wage data.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and researchers use the Oregon minimum wage data to assess worker compensation, the cost of living, and labor market competitiveness in the state.
Q: Are there update delays or limitations?
A: The Oregon minimum wage data is updated annually by the state government and has no significant update delays or limitations.
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Citation
U.S. Federal Reserve, State Minimum Wage Rate for Oregon (STTMINWGOR), retrieved from FRED.