Perhaps you are right on regulation but it is not clear that it has moved either of the metrics you mentioned. Looking at unemployment there is no deviation from the established trend during Trump's years in office.

https://www.bls.gov/charts/employment-situation/civilian-une...

Wage growth is more complex. However, this too doesn't seem to be immediately correlated with Trump's policies.

> During Obama’s last four years in office the average weekly earnings for production and nonsupervisory workers went up 4.9%

https://www.factcheck.org/2019/06/are-wages-rising-or-flat/