Ford Motor Executive Chairman William Ford told CNBC Friday the U.S. economy is still in "recovery mode" despite recent weak data on jobs and manufacturing.
Ford said Friday's jobs report data were "disappointing but I do think the underlying economy is still going forward. it’s been a very slow recovery but I still think we’re in the recovery mode."
The automaker will be adding 7,000 jobs over the next few years after years of downsizing, Ford said, but those won't be "the old smokestack, rust belt" jobs of the factory line. "These are more the kind of high-tech, cleaner manufacturing jobs. That’s the wave of the future."
He is also concerned about manufacturing. Datareleased Wednesday found U.S. manufacturing growth at its weakest level since September 2009.