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NAFCU Chief Economist Curt Long statement on June 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 June employment report, released this morning.

"The latest employment report showed strong job growth for June, plus upward revisions to prior months," said Long. "The increase in the unemployment rate was due to improved labor force participation. Wage growth remains stuck below 3 percent, which will provide some reassurance to the Fed that inflationary pressures remain relatively muted."

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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