economy

economic charts

Inflation cools, FOMC holds rates  

Inflation is slowing down, according to the Bureau of Labor and Statistics (BLS) consumer price index report. Newly released Wednesday, the May report notes inflation maintained the same rate as April.  “Inflation cooled down in May following four consecutive months of high readings”, said America’s Credit Unions Senior Economist Dawit Kebede. “Both headline and core inflation …

Inflation cools, FOMC holds rates   Read More »

economic charts

May jobs report ‘surpasses consensus expectation’

Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4%, the U.S. Bureau of Labor Statistics reported Friday. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. “Employers added 272,000 jobs in May, surpassing consensus …

May jobs report ‘surpasses consensus expectation’ Read More »

economic charts

April 2024 Economic Update: Flat home price growth expected in 2024 

The America’s Credit Unions April 2024 Economic Update is now available online, featuring key insights into the organization’s forecast for the housing market in 2024. In the video, America’s Credit Unions Deputy Chief Economist and Head of Emerging Issues Curt Long suggested flat home price growth and limited change in purchase activity through 2024.  Long shared …

April 2024 Economic Update: Flat home price growth expected in 2024  Read More »

economic charts

April’s jobs report is ‘generally favorable’ 

The Bureau of Labor and Statistics (BLS) released April’s jobs report Friday, noting 175,000 jobs were added and the unemployment rate rose slightly to 3.9%. America’s Credit Unions Vice President of Data & Research and Chief Economist Mike Schenk analyzed the data.   “The Bureau of Labor Statistics April jobs report was generally favorable: job gains …

April’s jobs report is ‘generally favorable’  Read More »

FOMC holds rates steady after May meeting 

The Federal Open Market Committee (FOMC) agreed to maintain the current target range for the federal funds rate between 5.25 to 5.5% during its two-day meeting that ended Wednesday.    The committee’s statement noted “considering any adjustments to the target range for the federal funds rate, [they] will carefully assess incoming data, the evolving outlook, and …

FOMC holds rates steady after May meeting  Read More »

Q1 GDP ‘fell shy of expectations,’ but had some strong components

The Bureau of Economic Analysis Thursday released 2024’s first quarter gross domestic product (GDP) report, which showed an annual rate increase of 1.6%.  “GDP fell shy of expectations in the first quarter, registering the slowest pace of growth in nearly two years. However, key components like consumption and business fixed investment remained strong, while volatile …

Q1 GDP ‘fell shy of expectations,’ but had some strong components Read More »

economic charts

Credit union loans decreased in February

The dollar amount of credit union loans outstanding decreased -0.06% in February, according to America’s Credit Unions’ latest Monthly Credit Union Estimates, compared to a -0.06% decrease in January and a 0.38% increase in February of 2023. The estimates are based on information from a monthly sample of credit unions and are revised when quarterly …

Credit union loans decreased in February Read More »

economic charts

Victory in inflation fight ‘remains elusive’

The Bureau of Labor and Statistics (BLS) released March’s consumer price index report Wednesday, noting inflation rose 0.4% last month.  “Victory in the Federal Reserve’s inflation fight remains elusive with a stubbornly high headline consumer price index increase of 0.4% in March, matching February’s disappointing result,” said America’s Credit Unions’ Vice President of Research and …

Victory in inflation fight ‘remains elusive’ Read More »

economic charts

March’s jobs report signals ‘easing pressure on inflation’ 

The Bureau of Labor and Statistics (BLS) released March’s jobs report Friday, noting 303,000 jobs were added and the unemployment rate rose slightly to 3.8%. Jobs gains were mostly seen in health care, government, and construction. Employment in leisure and hospitality trended up in March and has returned to its pre-pandemic February 2020 level.  “The …

March’s jobs report signals ‘easing pressure on inflation’  Read More »

economic charts

Members recognize credit unions’ consumer-friendly approach

Updated data from America’s Credit Unions’ Consumer Pulse Survey shows the credit union difference resonates with members, including those of key demographic groups, according to the latest Economic Update from America’s Credit Unions’ Mike Schenk. The Consumer Pulse Survey polled 2,500 consumers in February with questions centered on financial behaviors and outcomes, trustworthiness, and connections …

Members recognize credit unions’ consumer-friendly approach Read More »

Scroll to Top