You can see the miss too by looking at a time series of both data releases.pic.twitter.com/MpBtx4r01h
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You can see the miss too by looking at a time series of both data releases.pic.twitter.com/MpBtx4r01h
As with average hourly earnings, the recent plateauing in overall growth in ECI appears to be in large part due to weak growth among managers / professionals.pic.twitter.com/psNTG0fxEC
If you use a merged series excluding incentive pay it may improve fit
Only goes back to 2006, but ex-incentive pay growth has been flat too over the last several quarters.pic.twitter.com/WnYI6xiQ8z
How does this work if you do job switchers only?
Could this be caused by an early turnover of more experienced, higher paid workers taking healthy 401ks (since 2017) and retiring early, nudging down average wages?
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