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Hicks says the ISM manufacturers' index has slipped into a recession level.
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updated: 7/6/2012 12:48:04 PM
Hicks: Economic Growth Has Halted
Ball State University Economist Michael Hicks says he expects "only bad news" about the national economy in the coming months. The U.S. added 80,000 jobs in June, which is worse than expected. The national unemployment rate held steady at 8.2 percent.
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July 6, 2012
News Release
The disappointing June jobs report for the U.S. is further evidence that economic growth has halted, says Ball State economist Michael Hicks.
The economy created 80,000 jobs in June, according to the U.S. Labor Department. Unemployment held at 8.2 percent rate.
"With the ISM manufacturers' index slipping into a recession level, it is pretty clear that the coming months will offer only bad news," Hicks says.
Source: Ball State University
