“the employment cost index: wages and salaries shows a decline since 4Q19”

I do not understand how one can write this sentence in 2023, and still be living on this planet. I retrieved data from FRED (ECIWAG), version posted on October 16, 2023. I plot: Figure 1: Employment cost index: wages and salaries: Private Industry Workers (ECIWAG), Dec. 2005=100 (blue), and ECI deflated by chained CPI (adjusted … Read more