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US VIEW: TD Securities analysts Michael Hanson and Brittany Baumann said on US
wages though "labor markets that have tightened across a number of metrics, wage
growth has accelerated only modestly in recent years and remains low by
historical standards. Rising participation rates among prime-age workers may
help account for this disconnect. This dampening effect should fade over time."
- They added also that "a rising quits rate and declining wage rigidity also
indicate latent upward pressure on wage growth. Despite recent softness, we
expect trend wage growth to gradually accelerate into 2018."