Joseph Brusuelas

President Joe Biden announced Monday he will be renominating Federal Reserve Chairman Jerome Powell for a second term as Fed chair and will nominate Fed Governor Lael Brainard as vice chairman. Biden was widely expected to nominate either Powell or Brainard for the position of Fed chair. Powell was...

After decades of lagging growth, wages have finally started to climb in 2021 as a record number of U.S. jobs remain unfilled. On Tuesday, Joseph Brusuelas, chief economist for RSM US LLP, said the era of surplus U.S. labor is drawing to a close and a $15 minimum wage is becoming the new...

The SPDR S&P 500 ETF Trust (NYSE: SPY) dipped lower Friday morning after the Labor Department reported one of the most disappointing monthly jobs reports in recent history. The U.S. added just 235,000 jobs in August, falling well short of consensus economist estimates of 720,000 jobs. The...

The coronavirus pandemic that began in 2020 and is persisting today has led many investors to hold poor market expectations. But maybe they shouldn’t be so pessimistic. What Happened: That’s according to a new RSM report stating the U.S. economy grew by over 6% in the second quarter of...

On Friday, the Bureau of Labor Statistics released employment data for the month of November, and the numbers were disappointing. Here’s a rundown of everything you need to know. What You Need To Know About The Jobs Report: The nonfarm payroll number came in at +245,000, well worse than...

Markets traded lower on Friday after U.S. President Donald Trump tested positive for the coronavirus just one month ahead of the November election. Trump and First Lady Melania Trump both tested positive shortly after top Trump aide Hope Hicks tested positive. Trump’s diagnosis comes...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Thursday after the weekly U.S. jobs report from the Labor Department revealed a surprise increase in the number of initial jobless claims. On Thursday morning, the Labor Department reported 870,000 initial jobless claims for the week...

The SPDR S&P 500 ETF Trust (NYSE: SPY) gained 2.56% on Friday after the Labor Department reported one of the most surprising monthly jobs reports of all time. The U.S. added a record 2.5 million jobs in May, beating consensus economist estimates of an 8.3 million loss. The U.S. unemployment...

April brought the highest unemployment rate — and monthly rate increase — since the Great Depression. And the lowest labor force participation rate since 1973. And the lowest employment-to-population ratio since the U.S. began tracking seasonally adjusted data in 1948. Basically, April...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.3% on Thursday after the Labor Department reported weekly jobless claims of 5.245 million, bringing the running total for the coronavirus downturn up to 22 million. This week’s jobless claims were down 1.37 million, suggesting the...

The Bureau of Labor Statistics released employment data for the month of September, and the jobs report came in below expectations. Here’s a rundown of everything you need to know. What You Need To Know The nonfarm payroll number came in at +136,000, below consensus economist expectations of...

U.S. markets fell on Wednesday after the yield on the 10-year Treasury note fell below the yield on 2-year Treasury notes on Wednesday morning for the first time since 2007. According to the San Francisco Fed, each of the nine U.S. recessions that have occurred since 1955 came between six months...

The S&P 500 rebounded Friday morning after the latest U.S. jobs report was slightly weaker than expected. Slowing but strong jobs growth could prompt the Federal Reserve to slow or pause its interest rate hikes, but one economist says it also serves as an indicator a U.S. recession is not...

The Bureau of Labor Statistics releases a report each month outlining the employment landscape. After a weather-induced slowdown last month due to Hurricane Michael, numbers are rising again.  What Happened The October U.S. employment report demonstrated a strong rebound in hiring, with a...

The Bureau of Labor Statistics released employment data for the month of February, and the jobs report blew expectations out of the water. Here’s a rundown of everything you need to know. What You need To Know The nonfarm payroll number came in at +313,000, and the private payroll...