Federal Minimum Wage Rate under Federal Fair Labor Standards Act : 7.25 (As of 2024-01-01)
Historical Data
Basic Info
Federal Minimum Wage Rate under Federal Fair Labor Standards Act was 7.25 as of 2024-01-01, according to U.S. Department of Labor. Historically, Federal Minimum Wage Rate under Federal Fair Labor Standards Act reached a record high of 7.25 and a record low of 1.60, the median value is 4.25. Typical value range is from 7.25 to 7.25. The Year-Over-Year growth is 0%. GuruFocus provides the current actual value, an historical data chart and related indicators for Federal Minimum Wage Rate under Federal Fair Labor Standards Act - last updated on 2024-01-01.
Annual , not seasonally adjusted . For the years 1968-1971 and 1976-1978, the displayed wage represents the largest minimum wage paid. Some individuals newly covered under state law received a lower wage. For more information, visit https://www.dol.gov/whd/state/stateMinWageHis.htm
| Category | Population, Employment, & Labor Markets |
| Region | USA |
| Source | U.S. Department of Labor |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 7.25 | ||
| Latest Period | 2024-01-01 | ||
| Long Term Average | 7.25 | ||
| Average Annualized Growth Rate | +2.73% | ||
| Value from 1 year ago | 7.25 | ||
| Change from 1 year ago | 0% | ||
| Frequency | Annual | ||
| Unit | USD / hr | ||
| Download Source | STTMINWGFG.txt |
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