I wonder if Trump/GOPers will take credit for this in 2017's good Stats.
They Will, and I will refer to this post to show the economy was already picking up, and wage growth already rising due to the Longest Recovery in US economic history. Near full employment is finally raising the bottom's wages.
However, if Trump does get rid of some of these ILLEGALS who depress the bottom's wages, he too can claim credit.
I support E-verify: No National ID, NO job.
Wage Growth Is Galloping Higher at Its Fastest Pace in Nearly Eight Years
A new cycle high.
Luke Kawa - Bloomberg - November 15, 2016
Wage growth is on fire.
The Atlanta Fed's Wage Growth Tracker indicates that the median U.S. worker saw pay rise by 3.9% year-over-year in October, the fastest rate of growth since November 2008.
This number comes on the heels of October's non-farm payrolls report, which showed average hourly earnings increasing at the fastest annual clip of this current expansion, a sign that the economy is getting close to full employment.
The Atlanta Fed's wage metric tracks the incomes of individual workers over time, and as such is not prone to the composition effects — like the exit of higher-paid baby boomers from the labor force — that have weighed on the usual measure of average hourly earnings this cycle.
"Average hourly earnings are more susceptible to compositional and demographic changes in the labor force, while the tracker is comparing the wages of the same individuals over time, providing a unique insight into wage growth,"