National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Dept.’s November employment report.
"November was a bit of a mixed bag as far as jobs were concerned. While the headline figure for job growth is a positive, both labor force participation and wage growth declined," said Long. "Still, the report provided no impediments for a rate hike from the Fed later this month, and a quarter-point increase is now a certainty."