I found a way to make closed captions from the Speech Analysis data. I posted it to the Adobe forum (https://forums.adobe.com/thread/1368502).
Go to https://www.nikse.dk/ and download Subtitle Edit (the latest beta portable version 3.3.12 allows you to convert the FLV cue point XML file that Adobe Premiere/Media Encoder creates). It is a free program and the portable version doesn’t even require it to be installed. I have been using it for the past couple days and think that it may just be better then the CPC software (Caption Maker) that I use at work. Once you bring the file into subtitle edit, select “Tools” from the top menu bar and select “Merge Short Lines” this will bring up a menu to combine all of those separated words and timings you get from Premiere/AME.
You can find the XML file on Windows at : C:\Users\(your user name)\AppData\Local\Temp
Not sure where it is on the Mac.
It will look something like this: 13e88245-8fe6-4269-a9d2-172d2134a587_stt.xml
I contacted Nikolaj (the maker of Subtitle Edit) to see if he could help and he just added this functionality. It works great for me! Hope this helps someone else because this has frustrated me since Adobe added speech analysis.