The NCUA on Thursday released its May economic update on theagency's official YouTube channel.
|In the latest installment of the series, NCUA Chief EconomistJohn Worth provides a brief synopsis of recent economic trendsthat point to a moderately growing economy.
|The unemployment rate reached its lowest monthly level sinceDecember 2008, dropping to 7.5% in April.
|However, Worth warns that an “improving economy with a fallingunemployment rate will raise concerns about when interest rateswill start rising. Rising rates could pose challenges to somecredit unions.”
|NCUA produces the monthly video to serve as a resource for credit union boardmembers, loan officers and management.
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