Average Hourly Earnings/Wage (EARN)

What is it?

EARN is a monthly figure on average hourly earnings of all private employees, released by the Bureau of Labor Statistics. It measures the average hourly wage of employees, not including benefits, of workers by industry. The value is in USD, and SONAR tracks the following industries:

CONS - construction
EDUC - education and health services
FINC - financial activities
HOSP - leisure and hospitality
MFTG - manufacturing
MINE - mining
PROB - professional and business services
PRVT - Total private
RETL - retail trade
TPWH - transportation and warehousing
UTIL - utilities
WTRD - wholesale trade

Who is interested?

Economists, employers, prospective employees, policymakers

What does it tell me?

Average hourly earnings is the most commonly cited figure for wage growth in the economy. It tells you how fast wages are rising and the relative strength of the labor market in different industries. Hourly earnings are often compared to the CPI to determine real wage growth in the economy

 

 

What is it?

The average hourly wage seasonally adjusted as defined by the BLS.  

Who is interested?

Analysts, CFOs, Economists, Managers, Human Resources

What does it tell me?

Hourly wages provide a point of reference for understanding how wages are increasing in relation to the general economy. If unemployment is low and wages are flat, employers are not having to increase wages to fill jobs which should keep costs low, but the economy may remain flat until costs outpace the wages. When costs outpace wages that is a sign the economy may be overheated and will run into growth resistance as people can no longer afford to keep up with inflation which will decrease demand.  

Example: A user wants to view the average hourly wage for rail transportation. They would type: EARN.RAIL