Table 1.

Counterfactual hourly earnings for selected sectors, assuming extreme composition effects. Note that these are not hourly wages, hence the differences in levels.

	Clothing stores	Accommodation	Food & drink places
2019 CPS hourly earnings	21.16	17.61	14.82
Counterfactual March 2020	21.47	18.55	15.35
% $\Delta$ March 2020 CF vs. 2019 CPS	＋1.45%	＋5.29%	＋3.59%
% $\Delta$, data	−0.061%	−1.62%	−2.54%
Counterfactual April 2020	65.35	38.28	24.54
% $\Delta$ April 2020 CF vs. March 2020 CF	＋204.43%	＋106.39%	＋59.80%
% $\Delta$, data	＋11.33%	＋3.05%	−1.11%