>> Great news for American workers, they got a hefty raise at the end of last year. Numbers out Friday from the labor department showing a December jump in average hourly earnings of ten cents. The surge bringing the 12 month gain in paychecks to the biggest in seven and a half years.
I'm in New York, higher wages, good for those that have a job, but for those who don't, the job hunt did get a little bit tougher in the month of December. Employers added only 156,000 new jobs last month. That number was below the forecast and also was a slow down from November.
And the slow hiring was not just in December, for all of 2016, hiring was down compared to 2015. But that didn't stop more Americans from trying to find a job. The unemployment rate ticked up in December from a nine year low, as more Americans started looking for work again.
Even with the disappointing headline figure, president Obama is handing over a pretty solid economy to president elect Donald Trump, who has vowed to spend his time at the white house creating 25 million jobs.