WASHINGTON, DC (April 7, 2017) — 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.”
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.
