The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total non-farm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported Friday, December 6. Employment increased in transportation and warehousing, health care, and manufacturing.
Home-mortgage debt, in the third quarter, rose for the first time since the Great Recession, according to the latest data showing consumers beginning to add leverage as the economy improves.
Instead of throwing the economy into a tailspin, the recent federal government shutdown looks more like a small blip, at least according to recently released construction data.
More consumers plan to spend more than last year and fewer consumers less than last year, according to the 14th annual holiday spending survey conducted by the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA).
Home prices continued to climb in third quarter, rising 11% from a year earlier. The S&P/Case-Shiller home price index registered its first double-digit year-over-year gain since early 2006—just before the height of the housing bubble—despite a recent rise in mortgage rates.
The next seven weeks are often referred to as the “social media vacation.” Lots of us (including myself) will be traveling and shopping and piles of home stuff tend to overwhelm us – we feel like we can’t do it all and therefore, your credit union social media efforts tend to take a break. —By Michael Ogden, CUNA Mutual Group
A new study from GoBankingRates.com reveals that a single checking overdraft fee can wipe out a year’s worth of deposit interest. But on the bright side, the study also shows credit unions offer higher rates and lower overdraft fees on average than banks.
Third quarter outstanding auto loan balances are at a record high, according the Experian Automotive, which began recording the data seven years ago.
Data released November 7 by the Mortgage Bankers Association (MBA) show delinquency rates at a five-year low, but debtors who borrow from credit unions are still significantly less likely to find themselves in arrears.
The Mortgage Banker Association (MBA) said that its Market Composite Index—a seasonally adjusted index of mortgage application activity—fell by 7% for the week ended November 1.