Indiana News

Ball State Economist Says Enthusiasm for Unemployment Numbers is "Misplaced"

5/4/2013

One Ball State economist says we shouldn't be feeling too optimistic after the release of the latest unemployment figures.

Listen:

The numbers released Friday show 165,000 new jobs were added in April, dropping the unemployment rate to 7.5%.  Dr. Michael Hicks says while we did have a net gain of new jobs, we actually lost 276,000 full-time jobs.

However, Hicks says we gained 278,000 jobs for economic reasons, meaning people who were looking for full-time jobs but only got part-time jobs.  He says we also gained 163,000 part-time jobs for non-economic reasons, meaning people looking to supplement their income.

Hicks says we should be adding 300,000 to 500,000 full-time jobs per month to work our way out of a recession.  He says these numbers show any enthusiasm going into the summer is misplaced.

·
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 This material may not be published, broadcast, rewritten or redistributed.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