. >>> let's turn now to jim swanson for his perspective on today's jobs report and the stock market's response to the data. he's chief investment strategies at mfs investments. mr. swanson, welcome, good to have you with us. >> thank you. >> it seems to me the stock market performs best when the economy is growing but not overheated, inflation is a little bit but not too much, and interest rates are not too low. we seem to have that, right? >> we do. this whole business cycle, the average growth rate has been about 2%. the stock market kept going up because profits were strong. don't always equate the economy with profits over the stock market. but right now the economy is on very solid footing. >> according to my notes you say that the implication is that we can't get all that much more growth out of this economy because there aren't as many people to employ, we're close to full employment. >> yeah, and that's the dilemma. when people talk about let's see more growth, it's very tough to get it. the two drivers of growth are the number of people willing to work and what they call prod