The comparison of the BLS usual weekly earnings (quarterly) and bd CPS replication (monthly) doesn't quite match. One issue is the bd CPS technique, which I will address elsewhere but another is the alignment of the dates for the quarter. I need to add a month and a half to the date, so the x value on a plot is the center of the quarter.
The comparison of the BLS usual weekly earnings (quarterly) and bd CPS replication (monthly) doesn't quite match. One issue is the bd CPS technique, which I will address elsewhere but another is the alignment of the dates for the quarter. I need to add a month and a half to the date, so the x value on a plot is the center of the quarter.