Indiana News

Economist Dives Into Latest Unemployment Numbers

4/6/2013

The most recent unemployment numbers are out and the rate is down to 7.6-percent, but one economist says it was a bad month.

Mike Hicks of Ball State University says not as many jobs were created and many people are leaving the workforce. Hicks says the country could be seeing a growth in the "shadow economy", which means people are working, but they're not claiming the employment.

Hicks says that's a bad sign since it indicates it's just transient employment. Hicks says a factor is the tax increase implement three months ago. Hicks adds that sequestration cuts aren't felt yet, but they will start to affect numbers in the near future.

·
Like

Copyright by WIBC.com © 2012. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


WIBC News Traffic Hotline

If you see a news story or traffic tie-up, let us know!

Call:  317.637.6397

Email:  news@wibc.com

Send photos:   pictures@wibc.com

Search WIBC.com

Garrison Chicks Abdul At Large Abdul At Large