Labor Market

Atlanta Fed Wage Growth Tracker (1st Quartile)

Tracking worsening relative to recent baseline.

What is the current Atlanta Fed Wage Growth Tracker (1st Quartile)?

ATLANTA FED WAGE GROWTH TRACKER (1ST QUARTILE
3.5%
Atlanta Fed Wage Growth Tracker (1st Quartile) falling to 3.
One year ago
4.2% ↓ Worsening
down 0.7 points since Feb 2025

Wage growth for workers in the bottom quartile of the earnings distribution was 3.5% year-over-year in the latest reading, according to the Atlanta Fed Wage Growth Tracker. This measure specifically tracks pay growth for the lowest-paid workers — the population most vulnerable to financial distress. Source: Federal Reserve Bank of Atlanta via FRED.

Atlanta Fed Wage Growth Tracker (1st Quartile) falling to 3.5%

Tracking worsening relative to recent baseline.

Source: Atlanta Fed via FRED · Latest: 2026-02

Explore Further

Is this happening to you?

Are the lowest-wage workers you know falling further behind?

How has Atlanta Fed Wage Growth Tracker (1st Quartile) changed over time?

CSV Chart Card
Atlanta Fed Wage Growth Tracker (1st Quartile) over time
Atlanta Fed Wage Growth Tracker (1st Quartile), percent
Atlanta Fed Wage Growth Tracker (1st Quartile)
Historical data
Monthly · Atlanta Fed via FRED
Period Value YoY Change
Feb 2026 3.5% −0.7 pts
Jan 2026 3.5% −0.7 pts
Dec 2025 3.5% −0.8 pts
Nov 2025 3.6% −0.9 pts
Sep 2025 3.5% −1.6 pts
Aug 2025 3.4% −1.7 pts
Jul 2025 3.6% −1.5 pts
Jun 2025 3.6% −1.7 pts
May 2025 3.7% −1.7 pts
Apr 2025 3.8% −1.7 pts
Mar 2025 4.1% −1.3 pts
Feb 2025 4.2% −1.3 pts

Frequently Asked Questions

What is the Atlanta Fed Wage Growth Tracker?

The Atlanta Fed Wage Growth Tracker measures the median percent change in hourly wages for the same individuals over 12 months. The 1st quartile version tracks wage growth specifically for the lowest-paid workers.

Why track low-wage worker pay growth?

Low-wage workers are most vulnerable to cost-of-living increases. When their wage growth falls below inflation, financial distress intensifies. The American Distress Index monitors this gap.

Where does this data come from?

Published monthly by the Federal Reserve Bank of Atlanta, based on matched CPS microdata, available via FRED.

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Why does Atlanta Fed Wage Growth Tracker (1st Quartile) matter?

Atlanta Fed Wage Growth Tracker (1st Quartile) is one of 91 indicators in the American Distress Index's labor market layer — the signal that predicted the 2008 crisis two years before delinquency data confirmed it.
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