Evercore Partners founder Roger Altman said Monday he doesn't see any of the classic signs that the U.S. economy is heading into recession.
"The good news and the bad news about the most recent jobs data and the latest data are the same. The good news is that we're growing at 2 to 2.5 percent in real terms, depending on the month, which is sluggish. But the other news is we can do that for a long time," he told "Squawk Box."
U.S. job growth in November beat expectations, with the Bureau of Labor Statistics reporting the country added 211,000 nonfarm positions last month. The unemployment rate remained at 5 percent.
While some talk down the U.S. economy, developed nations around the world would be glad to be adding jobs at the same pace and to have the same unemployment rate, Altman said.