The job market is booming. There is now a job opening for almost every unemployed American. Regulatory reform and a massive corporate tax cut have no doubt helped bigly 😉.
This is the best job market in two decades, and the highest number of job openings to the number of unemployed since the Labor Department started keeping track on a regular basis. Based on the historical relationship, it shouldn’t be long before wage growth starts accelerating.
Jeremy Jones, CFA
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