|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
THE GOOD, THE BAD, THE PROMISING
updated 09/25/13 09:14 AM
CA and NV Play 'Catch-Up'
After reviewing mid-year job creation data, California merits a "B," and Nevada is improving from an "F" to a "C+."
The unemployment rate for California has declined from a peak of 12.4 percent to 8.6 percent, and Nevada is down from 14 percent to 9.6 percent. But the unemployment rate calculation is taken from the household survey, which is narrow and includes "self-employed."
A better picture can be gleaned from the nonfarm payroll survey of larger businesses.
California lost approximately 1.4 million jobs, but recovered 700,000. What the data does not show is how consistent the uptrend has been since it began in earnest in late 2011.
GAIN EXPERIENCE ON LEAGUE COMMITTEE updated
09/15/14 01:21 PM
Submit Committee Interest Questionnaire
Are you interested in serving a one-year appointment on a California Credit Union League committee?
LEAGUE ADVOCACY BLOG GAINS TRACTION updated
09/12/14 04:13 PM
Sign Up for Alerts
The new Advocacy Blog launched by the California and Nevada Credit Union Leagues in August is gaining steam as more credit union advocacy professionals and others in the industry continue signing up to receive e-mail alerts on important state and federal updates.
FOCUSED ON 'ONE TO ONE' RELATIONSHIP updated
09/12/14 02:01 PM
Printing Industries CU
Susan Conjurski’s biggest hurdle is making sure her credit union keeps a competitive edge with larger financial institutions—a task that’s “quite a challenge,” she says.
PENALTY POLICY: SMALL VS LARGE CUs updated
09/11/14 06:50 AM
Federal Reserve’s Impact
The Federal Reserve’s ultra-low interest rate policy created the desired impact when it was instituted in 2008. Short-term funding costs plunged for financial institutions, allowing them to cheaply fund higher-yielding assets and restore capital.