Newsroom

FOR IMMEDIATE RELEASE

Washington(Jan. 5, 2018) -- National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department's December employment report, released this morning.

"The December jobs report was modestly positive, as employment gains were below expectations but still strong enough to keep the unemployment rate steady," said Long. "Wage growth remains low, but did tick up slightly to 2.5 percent. Overall, the job market performed well in 2017 and is a key reason why the economy is poised for its best year since the crisis in 2018."

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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 towww.nafcu.orgor@NAFCUon Twitter.