Sky-High Markets And Ho-Hum Wages

Friday’s employment data is expected to fall within the “average” levels made during the past 17 years, as shown on the following three graphs.

Wage growth hasn’t amounted to much during these years, so that should be a warning to sky-high markets, IMHO…especially if Congress fails to pass income tax cuts and tax reform this year.

The only time that the unemployment rate was lower than the current rate was pre-911.