With the unemployment rate down to just 4.1 %, any increase in wages as a share of GDP should be expected to diminish profit margins from the extremes they've enjoyed as a result of labor market slack in this cycle. (hussmanfunds.com)
The four - week moving average of continuing claims fell 750, to 1.90 million, the lowest level since Jan. 12, 1974, suggesting a continued decline in labor market slack. (cnbc.com)
While labor market slack continues to diminish, wage growth is not accelerating and inflation has moved further below the Fed's target. (rismedia.com)