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NCUA October economic update posted

The NCUA has posted its monthly economic video on YouTube. NCUA Chief Economist John Worth talks about the good news with the economy but also points out the risks that are ahead. Worth also talks about the unemployment numbers and explains the claims that the Bureau of Labor Statistics released unemployment numbers that would benefit President Obama during the election. He says that two surveys are used and can produce different results.

Click below to view the video which goes over how credit unions would perform if the economy was to recede and unemployment rises again.