FRED Graph

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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

Source: U.S. Bureau of Labor Statistics  

Release: Consumer Price Index  

Units:  Index 1982-1984=100, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Handbook of Methods - (https://www.bls.gov/opub/hom/pdf/cpihom.pdf) Understanding the CPI: Frequently Asked Questions - (https://www.bls.gov/cpi/questions-and-answers.htm)

Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product  

Units:  Billions of Dollars, Not Seasonally Adjusted

Frequency:  Annual

Notes:

BEA Account Code: A191RC

Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product  

Units:  Millions of hours, Not Seasonally Adjusted

Frequency:  Annual

Notes:

BEA Account Code: B4701C

For more information about this series, please see http://www.bea.gov/national/.