…..Economy added 161,000 jobs in October. Unemployment rate 4.9%. U6 unemployment rate 9.5%. Wages up 2.8% year over year. Seventy-three months of job growth. Financial Review by Sinclair Noe for 11-04-2016 DOW – 42 = 17,888 SPX – 3 = 2085 NAS – 12 = 5046 10 Y – .03 = 1.78% OIL – .53 = 44.13 GOLD + 1.80 = 1305.00 The economy added 161,000 jobs in October; slightly below expectations of 175,000. The unemployment rate dropped to 4.9% from 5%. This was largely attributable to the 195,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.8% from 62.9%. The government revised the September report to show 191,000 new jobs were created instead of a previously reported 156,000. August’s gain was raised to 176,000 from 167,000. The 3-month average now stands at 176,000. Job growth has averaged 181,000 per month this year. In October, the year-over-year change was 2.36 million jobs. The U.S. economy has been adding jobs for 73 consecutive months.   Taking into account population growth and an aging work force, economists at the San Francisco Fed estimated the “break-even” point — growth that is sufficient to keep the jobless rate from rising — now ranges from 50,000 to 110,000 jobs a month. Federal Reserve Chairwoman Janet Yellen said the U.S. economy needs to create 100,000 net new jobs monthly in order to absorb new entrants to the labor market.   The biggest lingering weakness in the employment picture is in the ...