Greensboro College Economist: October Jobs Report Signals "Goldilocks" Job Growth: Just Right

William K. MacReynolds, founding dean, 
Greensboro College School of Business
"Greensboro College economist William K. MacReynolds called this morning's October jobs report a sign of "Goldilocks" economic growth: not too fast, not too slow, just right.

"There is no sign of overly strong economic growth or rising inflation in this report," said MacReynolods, founding dean of the college's School of Business. "The Federal Reserve is unlikely to alter its plans on interest rates as, from its policy standpoint, the economy is expanding 'just right.'"

The report was generally encouraging, pointing to continued economic growth.

The unemployment rate edged down slightly, to 5.8%, and employment increased by 214,000 in October. Wages increased at an annualized rate of 2.0%, in line with the general level of rising prices.

With this report, more than 2 million jobs have been created in 2014, which MacReynolds called "a sizable increase, but nowhere near overheating."

MacReynolds, formerly an economist for the Federal Trade Commission, director of economic forecasting for the U.S. Chamber of Commerce, and a Blue Chip Economics forecaster, taught part-time at Greensboro College from 2010 until joining the full-time Business Administration and Economics faculty earlier this year.

Greensboro College provides a liberal arts education grounded in the traditions of the United Methodist Church and fosters the intellectual, social, and, spiritual development of all students while supporting their individual needs.

Founded in 1838 and located near downtown Greensboro, the college enrolls about 1,250 students from 32 states, the District of Columbia and 24 nations in its undergraduate liberal-arts program and four master's degree programs. In addition to rigorous academics and a well-supported Honors program, the school features a 16-sport NCAA Division III athletic program and dozens of service and recreational opportunities.

- A Press Release

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