CHART OF THE DAY: Quits Rate vs. Job Switcher Wage Growth

06/06/18 08:13AM EDT

Editor's Note: Below is a brief excerpt from today's Early Look written by U.S. Macro analyst Christian Drake. Click here to learn how to subscribe. 

The Chart of the Day below plots the Quits Rate from the JOLTS data vs. Wage Growth for Job Switchers (Atlanta Fed data).  As can be seen, wage growth for Job Switchers is now running north of 4% Y/Y. 

CHART OF THE DAY: Quits Rate vs. Job Switcher Wage Growth - COD Quits Rate vs Job Switcher Wage Growth

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