FRED Graph

Notes

Employed: Percent of hourly paid workers: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over (LEU0203127200A)

Source: U.S. Bureau of Labor Statistics

Release: Weekly and Hourly Earnings from the Current Population Survey

Units: Percent, Not Seasonally Adjusted

Frequency: Annual

Notes:

Data measure usual hourly earnings of wage and salary workers. Wage and salary workers are workers who receive wages, salaries, commissions, tips, payment in kind, or piece rates. The group includes employees in both the private and public sectors but, for the purposes of the earnings series, it excludes all self-employed persons, both those with incorporated businesses and those with unincorporated businesses. For more information see https://www.bls.gov/cps/earnings.htm

The series comes from the 'Current Population Survey (Household Survey)'

The source code is: LEU0203127200

Suggested Citation:

U.S. Bureau of Labor Statistics, Employed: Percent of hourly paid workers: Paid total at or below prevailing federal minimum wage: Wage and salary workers: 16 years and over [LEU0203127200A], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/LEU0203127200A, .

Federal Minimum Hourly Wage for Nonfarm Workers for the United States (FEDMINNFRWG)

Source: U.S. Department of Labor

Release: Minimum Wage Rates

Units: Dollars per Hour, Not Seasonally Adjusted

Frequency: Monthly

Notes:

The federal minimum wage is the minimum hourly wage employers are required to pay employees who are eligible under the Fair Labor Standards Act (FLSA) of 1938. The FLSA was generally only applicable to employees involved in interstate commerce, either directly or through the creation of goods. Many amendments have since been added to the FLSA, expanding its coverage and raising the minimum wage. Significant amendments occurred in 1961 and in 1966, when a separate minimum wage for farm workers was established. Starting in January of 1978 the minimum wages of all eligible workers, including farm workers, were made uniform. The values in the series for non-farm workers are those for the groups initially covered under the 1938 FLSA. Many states also have minimum wage laws. Some state laws provide greater employee protections; employers must comply with both.

For additional information go to: http://www.dol.gov/whd/minwage/coverage.htm or http://www.dol.gov/whd/minwage/chart.htm#fn3

Suggested Citation:

U.S. Department of Labor, Federal Minimum Hourly Wage for Nonfarm Workers for the United States [FEDMINNFRWG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FEDMINNFRWG, .

Personal Consumption Expenditures: Chain-type Price Index (PCECTPI)

Source: U.S. Bureau of Economic Analysis

Release: Gross Domestic Product

Units: Index 2017=100, Seasonally Adjusted

Frequency: Quarterly

Notes:

BEA Account Code: DPCERG

A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

Suggested Citation:

U.S. Bureau of Economic Analysis, Personal Consumption Expenditures: Chain-type Price Index [PCECTPI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCECTPI, .