Ball State Economist Says Jobs Report Shows Nation’s Economy in ‘Full Expansion Mode’
By: Marc Ransford— Muncie, IN—Ball State economist Michael Hicks said Friday’s national jobs report shows an economy in full expansion mode. With net growth of 157,000 jobs and revisions of the previous two months of 59,000, job growth continues to exceed growth in the labor force. This pushed the unemployment rate to 3.9 percent, well beneath historical estimates of full employment, he said. The composition of jobs was strong with continued growth across all sectors, Hicks noted. “Wage growth last…
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