It's important to see what the average age of these newly employees are, age of those unemployed, and also who is exiting the job market. If the newly employed

It's important to see what the average age of these newly employees are, age of those unemployed, and also who is exiting the job market. If the newly employed are young (and therefore making lower wages), and those unemployed (or leaving the job market, or just not looking) - are older, and therefore commanding higher salaries - that alone could account for why salaries not increasing on average. It would be useful to get a breakout of salaries biased by tenure, so as to accommodate for the confounding impact of average age of employed/unemployed/left-the-job-market.