WASHINGTON, DC (July 6, 2018) — 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.”
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.
