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Behind the Numbers: Nonfarm Payrolls

Behind the Numbers: Nonfarm Payrolls

by Brian Hague, CFA | Aug 7, 2025 | Boards, Economics, Enterprise Risk Management, Lending, Risk Management, Strategy

The July jobs report put a spotlight on the revisions to the payroll numbers – especially after the weak release, coupled with the sharp downward revisions to the May and June numbers, resulted in President Trump announcing the termination of the Commissioner of the...
Liquidity is Back – But Where Did it Come From?

Liquidity is Back – But Where Did it Come From?

by Brian Hague, CFA | May 22, 2024 | Economics, Enterprise Risk Management, Lending, Risk Management, Strategy

U.S. credit unions, and other financial institutions, experienced a liquidity crunch in 2023 unlike anything seen in recent years. Aggregate deposit growth for the credit union industry in 2023 was less than 2%, the lowest since before 1982. In the first quarter of...
As Housing Goes, So Goes The Economy

As Housing Goes, So Goes The Economy

by Brian Hague, CFA | Sep 6, 2022 | Economics, Lending, Uncategorized

Those words, uttered by President George H. W. Bush in 1992, may be a harbinger of things to come, if the most recent home price data is any indication. After more than a year of widespread bubble-like increases in home prices across the U.S., the June data revealed...

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