Very low (stated) unemployment is good news. Better news is that 2nd Quarter GDP growth is estimated at 4.8%, which is downright hot.
The bad news is that such may put pressure on the Fed to raise rates, and if they over-do it--and they often do-- it could kill the goose that laid the golden egg.
The good news is that we are still outside the "danger zone" on capacity utilization (80-85%), so we have a way to go, and, if repatriated cash goes to add efficient capacity, it could allow much more growth without much inflation. Cross your fingers.
Also, if somehow we start running surpluses, the dollar will surge, I think and we can export some inflation and keep the growth going.
Cross your fingers. I'm watching this like a hawk.