Antitrust Radar
Indicator observatory

Exact relationship builder

Indicator comparison lab

Compare two measures while keeping their entities, periods, units, and source populations visible. A visual association does not establish causation.

Build comparisonOpen data
Declared indicator relationship network15 exact pairing contracts span source-backed series across markets, industries, geographies, business dynamism, and merger activity.0117021703180467905510651073,1040810209114101151138123813920149201510
Active planePayrolls x hourly earnings115 exact pairs · r 0.74
Relationship planes15declared contracts
Exact pairs6,194entity-period matches
Domains6bounded universes
Imputation0missing sides filled
Comparable hereExact pairs, within-contract ranks, coverage, and descriptive association.
Never inferred hereCausation, legal market findings, forward-filled values, or a national composite score.
Read method

Comparison controls

Build an exact paired slice

Evidence scopeAll source records
Exact pairing ruleSame total-private CES universe and exact calendar monthAll paired periods · payroll-employment evidence

Paired visualization

Private payroll employment and hourly earnings

115 exact pairs in this slice
Exact pairs
115
all plotted
Correlation
+0.74
Strong positive association
R²
0.56
descriptive linear fit
Evidence
113
verified on both sides

Paired comparison cohort

0 / 5 entities · fixed 115-pair benchmark

Select a point, then add it or its nearest exact-pair peers.

The cohort changes the overlay and exact export only. Full-slice medians, correlation, quadrants, and coverage remain fixed.

United States employment; 2017-01; Payroll employment 123,312; Hourly earnings $26.00United States employment; 2017-02; Payroll employment 123,520; Hourly earnings $26.07United States employment; 2017-03; Payroll employment 123,641; Hourly earnings $26.11United States employment; 2017-04; Payroll employment 123,840; Hourly earnings $26.18United States employment; 2017-05; Payroll employment 124,033; Hourly earnings $26.21United States employment; 2017-06; Payroll employment 124,223; Hourly earnings $26.26United States employment; 2017-07; Payroll employment 124,398; Hourly earnings $26.35United States employment; 2017-08; Payroll employment 124,609; Hourly earnings $26.37United States employment; 2017-09; Payroll employment 124,675; Hourly earnings $26.49United States employment; 2017-10; Payroll employment 124,788; Hourly earnings $26.50United States employment; 2017-11; Payroll employment 124,993; Hourly earnings $26.54United States employment; 2017-12; Payroll employment 125,139; Hourly earnings $26.63United States employment; 2018-01; Payroll employment 125,286; Hourly earnings $26.72United States employment; 2018-02; Payroll employment 125,635; Hourly earnings $26.74United States employment; 2018-03; Payroll employment 125,853; Hourly earnings $26.85United States employment; 2018-04; Payroll employment 125,976; Hourly earnings $26.91United States employment; 2018-05; Payroll employment 126,293; Hourly earnings $26.98United States employment; 2018-06; Payroll employment 126,478; Hourly earnings $27.03United States employment; 2018-07; Payroll employment 126,584; Hourly earnings $27.10United States employment; 2018-08; Payroll employment 126,809; Hourly earnings $27.21United States employment; 2018-09; Payroll employment 126,884; Hourly earnings $27.32United States employment; 2018-10; Payroll employment 127,048; Hourly earnings $27.37United States employment; 2018-11; Payroll employment 127,144; Hourly earnings $27.44United States employment; 2018-12; Payroll employment 127,298; Hourly earnings $27.56United States employment; 2019-01; Payroll employment 127,552; Hourly earnings $27.59United States employment; 2019-02; Payroll employment 127,542; Hourly earnings $27.69United States employment; 2019-03; Payroll employment 127,726; Hourly earnings $27.77United States employment; 2019-04; Payroll employment 127,972; Hourly earnings $27.79United States employment; 2019-05; Payroll employment 128,056; Hourly earnings $27.88United States employment; 2019-06; Payroll employment 128,234; Hourly earnings $27.97United States employment; 2019-07; Payroll employment 128,365; Hourly earnings $28.03United States employment; 2019-08; Payroll employment 128,544; Hourly earnings $28.14United States employment; 2019-09; Payroll employment 128,712; Hourly earnings $28.16United States employment; 2019-10; Payroll employment 128,790; Hourly earnings $28.24United States employment; 2019-11; Payroll employment 128,958; Hourly earnings $28.34United States employment; 2019-12; Payroll employment 129,068; Hourly earnings $28.38United States employment; 2020-01; Payroll employment 129,250; Hourly earnings $28.43United States employment; 2020-02; Payroll employment 129,436; Hourly earnings $28.54United States employment; 2020-03; Payroll employment 128,068; Hourly earnings $28.73United States employment; 2020-04; Payroll employment 108,517; Hourly earnings $30.04United States employment; 2020-05; Payroll employment 111,647; Hourly earnings $29.72United States employment; 2020-06; Payroll employment 116,259; Hourly earnings $29.38United States employment; 2020-07; Payroll employment 117,741; Hourly earnings $29.39United States employment; 2020-08; Payroll employment 118,821; Hourly earnings $29.49United States employment; 2020-09; Payroll employment 119,841; Hourly earnings $29.51United States employment; 2020-10; Payroll employment 120,655; Hourly earnings $29.54United States employment; 2020-11; Payroll employment 121,050; Hourly earnings $29.64United States employment; 2020-12; Payroll employment 120,870; Hourly earnings $29.91United States employment; 2021-01; Payroll employment 121,122; Hourly earnings $29.93United States employment; 2021-02; Payroll employment 121,626; Hourly earnings $30.05United States employment; 2021-03; Payroll employment 122,388; Hourly earnings $30.03United States employment; 2021-04; Payroll employment 122,694; Hourly earnings $30.22United States employment; 2021-05; Payroll employment 123,136; Hourly earnings $30.41United States employment; 2021-06; Payroll employment 123,789; Hourly earnings $30.54United States employment; 2021-07; Payroll employment 124,723; Hourly earnings $30.66United States employment; 2021-08; Payroll employment 125,178; Hourly earnings $30.78United States employment; 2021-09; Payroll employment 125,669; Hourly earnings $30.98United States employment; 2021-10; Payroll employment 126,545; Hourly earnings $31.14United States employment; 2021-11; Payroll employment 127,184; Hourly earnings $31.23United States employment; 2021-12; Payroll employment 127,754; Hourly earnings $31.39United States employment; 2022-01; Payroll employment 127,957; Hourly earnings $31.60United States employment; 2022-02; Payroll employment 128,793; Hourly earnings $31.64United States employment; 2022-03; Payroll employment 129,282; Hourly earnings $31.80United States employment; 2022-04; Payroll employment 129,554; Hourly earnings $31.96United States employment; 2022-05; Payroll employment 129,799; Hourly earnings $32.10United States employment; 2022-06; Payroll employment 130,216; Hourly earnings $32.19United States employment; 2022-07; Payroll employment 130,766; Hourly earnings $32.34United States employment; 2022-08; Payroll employment 131,056; Hourly earnings $32.44United States employment; 2022-09; Payroll employment 131,285; Hourly earnings $32.57United States employment; 2022-10; Payroll employment 131,646; Hourly earnings $32.70United States employment; 2022-11; Payroll employment 131,863; Hourly earnings $32.82United States employment; 2022-12; Payroll employment 131,977; Hourly earnings $32.94United States employment; 2023-01; Payroll employment 132,292; Hourly earnings $33.02United States employment; 2023-02; Payroll employment 132,528; Hourly earnings $33.15United States employment; 2023-03; Payroll employment 132,554; Hourly earnings $33.27United States employment; 2023-04; Payroll employment 132,733; Hourly earnings $33.43United States employment; 2023-05; Payroll employment 132,933; Hourly earnings $33.50United States employment; 2023-06; Payroll employment 133,088; Hourly earnings $33.69United States employment; 2023-07; Payroll employment 133,206; Hourly earnings $33.85United States employment; 2023-08; Payroll employment 133,354; Hourly earnings $33.89United States employment; 2023-09; Payroll employment 133,469; Hourly earnings $34.01United States employment; 2023-10; Payroll employment 133,583; Hourly earnings $34.08United States employment; 2023-11; Payroll employment 133,667; Hourly earnings $34.17United States employment; 2023-12; Payroll employment 133,766; Hourly earnings $34.29United States employment; 2024-01; Payroll employment 133,892; Hourly earnings $34.47United States employment; 2024-02; Payroll employment 134,027; Hourly earnings $34.52United States employment; 2024-03; Payroll employment 134,170; Hourly earnings $34.65United States employment; 2024-04; Payroll employment 134,233; Hourly earnings $34.76United States employment; 2024-05; Payroll employment 134,278; Hourly earnings $34.89United States employment; 2024-06; Payroll employment 134,356; Hourly earnings $35.01United States employment; 2024-07; Payroll employment 134,348; Hourly earnings $35.08United States employment; 2024-08; Payroll employment 134,321; Hourly earnings $35.22United States employment; 2024-09; Payroll employment 134,463; Hourly earnings $35.34United States employment; 2024-10; Payroll employment 134,459; Hourly earnings $35.46United States employment; 2024-11; Payroll employment 134,575; Hourly earnings $35.60United States employment; 2024-12; Payroll employment 134,787; Hourly earnings $35.69United States employment; 2025-01; Payroll employment 134,711; Hourly earnings $35.84United States employment; 2025-02; Payroll employment 134,751; Hourly earnings $35.94United States employment; 2025-03; Payroll employment 134,818; Hourly earnings $36.11United States employment; 2025-04; Payroll employment 134,917; Hourly earnings $36.12United States employment; 2025-05; Payroll employment 134,937; Hourly earnings $36.28United States employment; 2025-06; Payroll employment 134,892; Hourly earnings $36.36United States employment; 2025-07; Payroll employment 134,957; Hourly earnings $36.47United States employment; 2025-08; Payroll employment 134,937; Hourly earnings $36.62United States employment; 2025-09; Payroll employment 135,005; Hourly earnings $36.70United States employment; 2025-10; Payroll employment 135,018; Hourly earnings $36.85United States employment; 2025-11; Payroll employment 135,090; Hourly earnings $37.00United States employment; 2025-12; Payroll employment 135,083; Hourly earnings $37.02United States employment; 2026-01; Payroll employment 135,263; Hourly earnings $37.15United States employment; 2026-02; Payroll employment 135,115; Hourly earnings $37.27United States employment; 2026-03; Payroll employment 135,317; Hourly earnings $37.35United States employment; 2026-04; Payroll employment 135,467; Hourly earnings $37.41United States employment; 2026-05; Payroll employment 135,528; Hourly earnings $37.49United States employment; 2026-06; Payroll employment 135,558; Hourly earnings $37.60United States employment; 2026-07; Payroll employment 135,588; Hourly earnings $37.62
Selected exact pairUnited States employmentUS-EMPLOYMENT · 2026-07 · Employment and earnings
Payroll employment
135,588
Preliminary · High
Hourly earnings
$37.62
Preliminary · High
Median positionAt or above both slice medians
X source
bls-ces-public-data-2026
Y source
bls-ces-public-data-2026
Research handoff3 canonical profiles
Open context map
Entity profileX dossierY dossier

Coverage diagnostics

What entered the plane, and what did not

Pairing coverage is reported separately for each indicator denominator. A matched row is not evidence that either source covers the full underlying economy.

Payroll employment100.0%115 matched of 115
Hourly earnings100.0%115 matched of 115

The National Economic Context Observatory places exact source observations on one dated workspace, but it does not merge their units, frequencies, universes, seasonal-adjustment conventions, or release calendars. Monthly, quarterly, calendar-year, and fiscal-year signals keep independent scales. Missing periods are not interpolated or carried forward. These descriptive accounts do not establish concentration, profits, markups, employer power, a legal antitrust market, policy effectiveness, welfare effects, or causation, and they are never combined into a composite score. Payroll jobs and nominal hourly earnings retain different units; their association is descriptive and composition-sensitive.

Higher / higher54
Higher X / lower Y4
Lower X / higher Y4
Lower / lower53

Quadrants use this filtered slice's medians: 128,793 and $31.10.

Slice ledgers

Period and group structure

Counts and correlations stay inside exact paired rows. Small groups may be too thin for a stable descriptive association.

Period coverage10 periods
Evidence system ledger1 visible
GroupPairsX avg.Y avg.r
Employment and earnings115128.9K$31.40+0.74

Reusable comparison packet

Carry the exact contract into analysis

The endpoint returns every matched row in the filtered slice, both observation identifiers, both source routes, evidence status, confidence, entity, group, and period.

JSON packet/api/public/indicators?relationship=payroll-hourly-earnings&indicator=payroll-employmentCSV exportComplete filtered exact pairsPairing methodSame total-private CES universe and exact calendar month

This lab compares only declared same-entity, same-period pairs. Missing sides are excluded rather than imputed, correlation remains descriptive, and unlike universes are never combined into a composite market-power score.

Relationship directory

15 declared planes, no arbitrary joins

Each route names both measures and its exact pairing rule. Select a plane to rebuild the lab around that bounded universe.

01 / marketsMarket HHI x CR4Market HHI · Market CR4
17 pairsr +0.75
02 / marketsMarket HHI x leader shareMarket HHI · Market leader share
17 pairsr +0.96
03 / marketsMarket CR4 x leader shareMarket CR4 · Market leader share
18 pairsr +0.74
04 / industriesIndustry HHI x CR4Industry HHI · Industry CR4
679 pairsr +0.94
05 / geographiesState HHI x leader shareState HHI · State leader share
51 pairsr +0.96
06 / geographiesBank HHI x leader shareBank-deposit HHI · Bank leader share
51 pairsr +0.96
07 / geographiesCounty bank HHI x leader shareCounty bank HHI · County bank leader
3,104 pairsr +0.97
08 / contextAll-items CPI x rent CPIAll-items CPI · Rent CPI
102 pairsr +0.39
09 / contextOpenings x quitsJob openings · Quits
114 pairsr +0.88
10 / contextPayrolls x hourly earningsPayroll employment · Hourly earnings
115 pairsr +0.74
11 / contextProductivity x unit labor costsLabor productivity · Unit labor costs
38 pairsr +0.93
12 / contextLabor share x real compensationLabor share · Real compensation
38 pairsr -0.16
13 / dynamismEntry x exitEntry rate · Exit rate
920 pairsr +0.74
14 / dynamismCreation x destructionJob creation · Job destruction
920 pairsr +0.67
15 / mergersHSR volume x review rateHSR transactions · Second Request rate
10 pairsr -0.68