Victory State Bank Seeks More Good News In Latest Unemployment Drop
STATEN ISLAND, N.Y. (Feb. 3, 2012) -- As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank is hoping the decline in the nation’s unemployment figures are a sign of better things to come.
Some journalists, however, are pointing to a potential downside.
“Employment climbed more than forecast in January and the U.S. jobless rate unexpectedly fell to the lowest in three years, casting doubt on the Federal Reserve’s pledge to keep interest rates low until late 2014,” states a Bloomberg News article.
The article by reporter Bob Willis goes on to say:
“The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg News survey, Labor Department figures showed in Washington. The unemployment rate dropped to 8.3 percent, the lowest since February 2009. . .
Read more ... (http://www.businessweek.com/news/2012-02-03/payrolls-in-u-s-jump-243-000-unemployment-drops-to-8-3-.html)
About Victory State Bank:
VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com .
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