Pantheon Macroeconomics - We've had some correspondence questioning our view on the

U.S. Documents | 10 Mar. 2016 Calendar Distortions Plague the Hours Data, Not Just Wages
We've had some correspondence questioning our view on the "weakness" of February hourly earnings, which we firmly believe were depressed by a persistent calendar quirk. Almost nine times in 10 over the past decade, when the 15th of the month has fallen after the week of the 12th--the payroll survey week--the monthly gain in wages has undershot the prior trend.

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10 Mar. 2016 Calendar Distortions Plague the Hours Data, Not Just Wages

By Ian Shepherdson

We've had some correspondence questioning our view on the "weakness" of February hourly earnings, which we firmly believe were depressed by a persistent calendar quirk. Almost nine times in 10 over the past decade, when the 15th of the month has fallen after the week of the 12th--the payroll survey week--the monthly gain in wages has undershot the prior trend.

Posted: 10th Mar 2016 in 'U.S. Documents'

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