FORTUNE -- Most newscasts led their Friday evening shows with the record highs for the stock market and a monthly jobs report that exceeded expectations. Both bits of good news speak to an economy that continues to heal gradually. The question now, and it is an important one, is whether positive interactions among the two will create sufficient momentum for the U.S. economy to attain escape velocity.
Let us start with what matters most to the immediate well-being of the U.S. and, indeed, the global economy -- the country's ability to create jobs and sustain satisfactory wage growth.
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