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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.

"Hiring in June was solid as job gains topped 200,000. Upward revisions to prior months mean that job gains have averaged 180,000 per month in 2017, which is consistent with last year's pace. But wage growth has stalled, which will add to fears that low inflation may not improve any time soon.

"The latest release of the FOMC minutes showed divisions among Fed officials over how great a concern that is. While we may see the Fed trimming its balance sheet later this year, another rate hike is looking less likely."

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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