…..Nonfarm payrolls gain 156k in December. Unemployment rate up to 4.7%. The Obama administration’s job creation legacy. Wages increased. Why? Financial Review by Sinclair Noe for 01-06-2017 DOW + 64 = 19,963 (intraday record 19,999.63) SPX + 7 = 2276 NAS + 33 = 5521 (another record close) RUT – 4 = 1367 10 Y + .05 = 2.42% OIL – .11 = 53.66 GOLD – 8.40 = 1172.80 Today is a Jobs Report Friday. The US economy added 156,000 jobs in December; this was below estimates of around 170,000. The unemployment rate edged up to 4.7% from 4.6% as more people entered the labor force in search of work. Employers hired 19,000 more workers than previously reported in October and November. The U.S. has created more than 2 million jobs in each year since 2011, though hiring has slowed over the last two years. Employment growth in 2016 averaged 180,000 jobs per month, down from an average gain of 229,000 per month in 2015. The slowdown in job growth is consistent with a labor market that is near full employment. The latest payrolls tally brought the advance for 2016 to 2.16 million, after a gain of about 2.7 million in 2015.   The steady gains in employment have finally started to push worker pay higher. Average hourly wages jumped 0.4% to $26 in December. Hourly pay increased 2.9% from December 2015 to December 2016, marking the fastest 12-month increase since a recovery that began in mid-2009. Hours worked were unchanged ...