With his impeachment trial drawing to a close, President Donald Trump is expected to deliver an economic message in his third State of the Union address Tuesday night.
Wage growthIn spite of record-low unemployment, economists point out that wage growth remained slack throughout the economic recovery, dipping below 3 percent in the most recent report.
“The lack of more substantial and significant wage gains has probably been the primary complaint,” Hamrick said.
“Wage growth may well have peaked.”
“Nevertheless, the distribution of some of these wage gains does have a tendency to lift people at the lowest level of the income spectrum,” he said.