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"The employment this month really underscores, once again, the robust strength of the labor market. May showed steady momentum in jobs and certainly hit back at any worries among economists who thought hiring was beginning to finally slow after seeing last month's report,” said Steve Rick, chief economist at CUNA Mutual Group.
“Whenever a miss in expectations occurs, the labor market has been quick to self-correct," said Steve Rick, chief economist at CUNA Mutual Group. “That’s exactly what we saw today, even if it causes some to suspend their disbelief given how little slack there should still be.”
"The employment this month really underscores, once again, the robust strength of the labor market," said Steve Rick, chief economist at CUNA Mutual Group.
According to CUNA Mutual Group’s latest Trends Report, credit union loan balances rose over the $1-trillion milestone in March, doubling the $500 billion milestone set back in August 2006.
CUNA Mutual Group’s Executive Benefits Program for credit unions continues to enjoy rapid growth and recently reached the $3 billion milestone in assets under management.
“Society doesn’t function as well without a thriving middle class, and from where I sit working with credit unions throughout the country, I have a few ideas for how to solve this. The first thing we need to do is better protect people from shocks and emergencies,” said Robert N. Trunzo, president and chief executive officer of CUNA Mutual Group.
CUNA Mutual Group appointed Kevin D. Johnson to its board of directors replacing director Bert J. Hash, Jr., who is retiring after 13 years of service.
TruStage, an insurer affiliated with CUNA Mutual Group, has introduced a simplified-issue whole life product designed to be sold through online systems, using an automated underwriting process.
CUNA Mutual Group Foundation Announces $300,000 Gift for Operation Fresh Start’s Building Futures Capital Campaign
“Our foundation focuses on organizations and programs that work to help people achieve financial security,” said Beth Cutler, president of the CUNA Mutual Group Foundation. “The work OFS does clearly aligns with this. We’re excited to see their new home come to life and hope this grant will help propel them to the finish line of this amazing building futures campaign.”
“While the job numbers came in below expectations, the reality is that the economy is still on relatively solid ground, and the labor market is quite strong,” said Steve Rick, chief economist at CUNA Mutual Group.