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NAFCU Chief Economist Curt Long statement on October jobs report

National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Dept.’s  October employment report.

"This was a solid jobs report, with steady employment growth and stronger wage growth," said Long. "While October’s job gains fell slightly below expectations, large upward revisions to prior months more than made up for it. Wage growth ticked up to 2.8 percent versus a year ago, which is the highest rate since 2009. From the Fed’s perspective, this report supports a rate hike in December."

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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