Newsroom

FOR IMMEDIATE RELEASE

Washington (May 5, 2017)- National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department's April employment report, released this morning.

"The April jobs report showed mixed results, as strong job growth was offset by a decline in labor force participation and wage growth," said Long. "This should ease fears of an abrupt decline in the labor market brought on by last month's weak report, but reaffirms the longer-term trend of a gradual slowing in job creation. Despite ongoing questions over muted wage growth, the Fed is likely to be heartened by the report and a rate hike in June is more likely than not."

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 @NAFCU on Twitter.

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