Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA's Hampel talks jobs on CNBC
WASHINGTON (1/4/13)--Interviewed live Thursday afternoon on CNBC's Closing Bell, Credit Union National Association (CUNA) Chief Economist Bill Hampel said "things are looking up" for the economy and job markets in 2013.

Hampel said he expects Friday's jobs report, the first of 2013, to show that between 150,000 and 170,000 new non-farm jobs were added last month. "Given the decline in jobless numbers over the last five weeks, we would have expected a payroll number [Friday] of more than 200,000… but we think businesses were spooked by the talk of the fiscal cliff, and hiring has probably been pulled back," Hampel added.

CUNA economists also see an uptick in the unemployment rate from 7.7% to 7.8%, he said.

Kevin Cummins of UBS and Philip Noftsinger of CBIZ Payroll Services also appeared during the segment.

For video of the segment, use the resource link.
RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
15 minutes ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
49 minutes ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
3 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
5 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
6 hours ago