WASHINGTON, DC (March 10, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Dept.’s February employment report.
“The labor market continues to add jobs at a robust pace. With the addition of 340,000 to the labor force, the participation rate equaled its high-water mark of the past three years, and broader measures of unemployment declined,” said Long. “Most doubts about whether the FOMC would hike at its March meeting were put to bed last week after a series of hawkish remarks from Fed officials, but any lingering uncertainty has certainly been squelched with today’s strong report.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
