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