The U.S. economy added 22,000 nonfarm jobs in August, the Labor Department said. A job gain in health care was partially offset by losses in the federal government and in mining, quarrying, and oil and gas extraction. The unemployment rate was little changed since the previous month at 4.3%. The labor force participation rate also was little changed at 62.3%.
ABA, associations reaffirm support for federal preemption of Illinois interchange law
ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent actions by the OCC to reaffirm federal preemption of state attempts to regulate interchange fees, as in Illinois.
