Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
10 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
11 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
14 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
16 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
17 hours ago