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Atlanta Fed Wage Growth Tracker — Overall

Median 12-month percent change in hourly wages for workers who appeared in CPS twelve months apart; 3-month moving average. Atlanta Fed's marquee wage-inflation gauge.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Atlanta Fed Wage Growth Tracker — Overall is currently 3.90%, last updated .

3.90%
1W +5.41%1M +5.41%3M +5.41%
Updated 16d ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Atlanta Fed Wage Growth Tracker — Overall, blended across current macro regimes.
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The labor market is the backbone of the consumer economy. Rising jobless claims and a climbing unemployment rate are classic late-cycle signals that precede recessions and rate cuts. The Fed has a dual mandate, maximum employment and stable prices, so labor data directly influences the path of monetary policy.

Updated 16d ago

Recent Data

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DateValueChange
Mar 1, 20263.90%+5.41%
Feb 1, 20263.70%+2.78%
Jan 1, 20263.60%-2.70%
Dec 1, 20253.70%-7.50%
Nov 1, 20254.00%-2.44%
Sep 1, 20254.10%+2.50%
Aug 1, 20254.00%-2.44%
Jul 1, 20254.10%+0.00%
Jun 1, 20254.10%-4.65%
May 1, 20254.30%+0.00%
Apr 1, 20254.30%+0.00%
Mar 1, 20254.30%+0.00%
Feb 1, 20254.30%+2.38%
Jan 1, 20254.20%+0.00%
Dec 1, 20244.20%-2.33%
Nov 1, 20244.30%-8.51%
Oct 1, 20244.70%-2.08%
Sep 1, 20244.80%+2.13%
Aug 1, 20244.70%+0.00%
Jul 1, 20244.70%-11.32%
Jun 1, 20245.30%+1.92%
May 1, 20245.20%-1.89%
Apr 1, 20245.30%+12.77%
Mar 1, 20244.70%—

Related in Labor Market

Unemployment Rate (U3)
Headline unemployment rate, percentage of the labor force without jobs.
Underemployment Rate (U6)
Broadest unemployment measure including discouraged and part-time workers.
Initial Jobless Claims
Weekly first-time unemployment insurance claims, the highest-frequency labor indicator.
Initial Claims 4-Week MA
Smoothed jobless claims average, removes weekly volatility.

Explore Further

Forecast 2026
Atlanta Fed Wage Growth Tracker — Overall Outlook
Scenario-weighted forecast using regime implied approach.
Category
All Labor Market Data
Nonfarm payrolls, unemployment rate, jobless claims, and wage growth. Track the employment data that shapes Fed policy a...

Frequently Asked Questions

▶What is Atlanta Fed Wage Growth Tracker — Overall?
Median 12-month percent change in hourly wages for workers who appeared in CPS twelve months apart; 3-month moving average. Atlanta Fed's marquee wage-inflation gauge.
▶How does Atlanta Fed Wage Growth Tracker — Overall relate to labor market?
Atlanta Fed Wage Growth Tracker — Overall is part of the Labor Market category. The labor market is the backbone of the consumer economy. Rising jobless claims and a climbing unemployment rate are classic late-cycle signals that precede recessions and rate cuts. The Fed has a dual mandate, maximum employment and stable prices, so labor data directly influences the path of monetary policy.
▶How often is Atlanta Fed Wage Growth Tracker — Overall updated?
Atlanta Fed Wage Growth Tracker — Overall is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Atlanta Fed Wage Growth Tracker — Overall data?
Convex sources Atlanta Fed Wage Growth Tracker — Overall data from official government and market data providers. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Atlanta Fed Wage Growth Tracker — Overall chart page?
The Atlanta Fed Wage Growth Tracker — Overall page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.