Jobs Are Booming. Are Wages Next?
“Will the jobs report for May, to be released Friday, show that the U.S. labor market is on a new, historically more consistent course? For some time, these data have shown an unusual combination of robust job creation and a low unemployment rate along with sluggish wage growth and a labor force participation rate stuck at low levels. This apparent disconnect has confounded economists and made the post-crisis recovery uneven and unsatisfactory for many.”