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NAFCU Chief Economist Curt Long statement on March jobs report

National Association of Federally-Insured Credit Unions  (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s March employment report, released this morning.

"The March employment report disappointed with the fewest jobs added since May of last year, but there are some caveats. Weak readings in the construction and retail sectors likely owed something to Winter Storm Stella. Additionally, there was a larger than normal discrepancy between the modest gains in the payroll survey and those of the household survey and ADP estimate, which were far stronger. It would not be a surprise to see a strong bounce back in April, as well as upward revisions to the March figure."

NAFCU

We provide credit unions with the best federal advocacy, education and compliance assistance in the industry. The National Association of Federally-Insured Credit Unions (NAFCU) is a direct membership association for federally insured credit unions. We are committed to representing, assisting, educating and informing our member credit unions to help them grow, and help grow the credit union industry. Over the years we have been able to build on our foundation, growing stronger with our members and steadfast in our beliefs and focus: providing unwavering federal advocacy, top-rated education, one-of-a-kind compliance assistance and supreme responsiveness. Why? Because we believe credit unions are the best and they deserve the best.  

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