Unity One Credit Union

Credit union informs: economy update

Tue, May 07, 2013 @ 02:18 PM / by Erayne Hill posted in credit union, economy update, Unity One Credit Union

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According to the May 3 edition of the Kiplinger Letter, the U.S. experienced "stronger-than-expected" job growth in February, March and April. The average monthly gain has been about 196,000 so far.the economy

However, average work hours per week fell, the number of Americans voluntarily working part-time increased and the number of people working has not regained its pre-recession status.

According to Kiplinger, lumber prices will rise for most of the year as the housing boom continues upward. In fact, lumber increases are "outpacing" home prices, which could hurt builders' bottom lines.

Paper prices are not rebounding as fast a predicted. However, the decline should end late 2013.

Unity One Credit Union stays abreast of trends that affect members and credit union interests. Don't hesitate to contact your credit union for financial guidance through all of your lifestages.

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