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

"The February jobs report will be well received in many corners. Job growth surprised to the upside, while wage growth fell below expectations," said Long. "The latter should help allay concerns that a surge in inflation is imminent, but it still keeps the Fed on track to raise rates later this month."

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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.