{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{tabular}{l*{6}{c}}
\toprule
                    &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}&\multicolumn{1}{c}{(6)}\\
                    &\multicolumn{1}{c}{Macro Wage}&\multicolumn{1}{c}{Base}&\multicolumn{1}{c}{Controls}&\multicolumn{1}{c}{Controls, FEs}&\multicolumn{1}{c}{New Hire}&\multicolumn{1}{c}{L(User Cost)}\\
\midrule
Unemployment Rate   &      -0.268         &       1.144         &       0.867         &       0.931         &       1.322         &      -2.416         \\
                    &     (0.287)         &     (0.923)         &     (0.796)         &     (0.916)         &     (1.164)         &     (1.674)         \\
\midrule
Observations        &          34         &          25         &          25         &          25         &          25         &          27         \\
\bottomrule
\multicolumn{7}{l}{\footnotesize Standard errors in parentheses}\\
\multicolumn{7}{l}{\footnotesize Uses year FEs from a first-stage regression.}\\
\multicolumn{7}{l}{\footnotesize \sym{*} \(p<0.10\), \sym{**} \(p<0.05\), \sym{***} \(p<0.01\)}\\
\end{tabular}
}
