I am going to play devil's advocate:

1.- While the market continues to hold near all time highs, i.e. just a few percentage points off its recent highs, one can argue that a whole lot of stocks are in either correction or bear market territory.  A stealth bear market?

2.- Even though the economy was producing many low paying jobs, at the other end of the spectrum, high paying jobs are being filled and going unfilled, e.g. computer scientists, IT profesionals, doctors, registerd nurses, security experts, etc ...  There are millions of jobs going unfilled , it is a structural problem in our society, but not because the economy itself is not producing good quality jobs. 

voanews.com/co...4.html

3.-I could also argue that we have what looks like the beginning of a modest ramp up in wages.  As the job market continues to tighten, it will lead to nicer wage increases.  In a recent post I included the link to an interview where it was stated that the job churn across the economy for this past year was 60M jobs. This confirms a healthy job market, people no longer feel tied to a job.

4.- Energy is cheap:  Gasoline prices at 7 year lows, heating oil and natural gas also at multi-year lows, these savings are going into people's savings or possibly may start being spent.  True, some families are in a savings mood, but some will eventually start spending these savings.  When I fill up my tank, it is costing me some $20 less than it did in May 2014, I fill up three times per month.