Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA's Schenk Discusses Economic Recovery in Wash. Post
WASHINGTON (12/9/13)--The U.S. economy is "not all the way back to normal, but it's getting there," Credit Union National Association Vice President of Economics and Statistics Mike Schenk told The Washington Post last week.

Schenk's comments were incorporated into coverage on new U.S. Department of Labor numbers which show the U.S. economy added 203,000 jobs in November. The unemployment rate also fell to 7% during that month, and around 455,000 employees joined the workforce, the department reported.

"Given the headwinds in the federal government sector, it's pretty impressive overall," Schenk said. He noted he expects the economy to expand at a 3% rate in 2014.

Secretary of Labor Thomas Perez noted the November employment report continues the 45-month trend of private-sector job growth, with 8.1 million new jobs created over that time.

"In the last 12 months alone, American businesses have added 2.3 million new private-sector jobs. This puts the American economy in a strong position heading into the December holiday season," Perez said.

For the full Washington Post item, use the resource link.
RSS





print
News Now LiveWire
Consumers depending heavily on financing for new autos: 84% look for loans says @Experian http://t.co/iV93NSdp0x
45 minutes ago
Consumer credit ticks up slightly in Jan http://t.co/nAmR7fyGLi
3 hours ago
RT @cumagazine: Make a good impression during your #CUNAGAC Hill visits: 8 tips http://t.co/C4gtRbQG2s
4 hours ago
Taking a walkthrough before #CUNAGAC starts this weekend. http://t.co/k9hktHjm9b
5 hours ago
There will be lots of social media action at 2015 #CUNAGAC that starts in D.C. this Sunday. http://t.co/vyP4XbtFbk
5 hours ago