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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 07, 2017
Page
5
U S payroll data indicate December paychecks rose at the fastest pace in over seven years as hiring stayed steady. Employers added 156000 jobs while the unemployment rate held near 4.7 percent, and the long hiring streak continued, signaling gradual labor market improvement ahead of the Trump administration.
U.S. markets rose after December wage gains pointed to stronger consumer spending. The Dow peaked near 19999.63 and settled up 64.51 at 19963.80 while the S&P 500 rose 7.98 to 2276.98 and the Nasdaq gained 33.12 to 5521.06. Labor data showed 156,000 jobs added and a 2.9 percent year over year pay rise, with 2016 growth steady amid higher yields and rate expectations.
The round up notes a January 19 gathering at Wild Mango Oberlin with Mary Jane Burger of the National Society Daughters of the American Revolution as speaker on becoming a DAR member. Cathy Eller of The Spike & Meckler Law Firm is the business spotlight.
Boeing delivered 748 jets in 2016, down 14 from 2015, and booked 202 net orders in December for a final 668 net orders. The backlog shrank by 80, a first in seven years, while Airbus has yet to release its totals. Starbucks to offer Sous Vide Egg Bites as part of growth in food sales and new Princi ventures.
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