Joe Brusuelas

The U.S. Labor Department reported weekly jobless claim applications have risen by 10,000 to a seasonally-adjusted 268,000. The latest number is mostly in-line with the four-week average of 267,000 and marks the 69th consecutive week that jobless claims have come in below 300,000. The recent...

Janet Yellen, speaking at the World Affairs Council of Philadelphia, acknowledged the “disappointing” nature of Friday’s jobs report, but advised listeners not to place too much importance on a single, monthly economic report. Despite the “concerning” results,...

The U.S. economy added only about 38,000 jobs in May, its lowest monthly job growth number since fall of 2010. The unemployment rate fell to its lowest level since before the Financial Crisis, coming in at 4.7 percent. However, the 38,000 jobs added were well short of analyst expectations of...

The Labor Department reported U.S. payrolls climbed by a seasonally adjusted 160,000 in April, the weakest monthly gain since September. The unemployment rate held steady at 5 percent, but the jobs report was certainly on the weak side. What does the sluggish report it mean for the stock market...

U.S. jobless claims fell by 13,000 to 253,000 last week to their lowest level since November 1973. The surprise drop is certainly good news for a U.S. economy that investors have been concerned is softening in the face of international weakness. The S&P 500 has reacted somewhat positively...

The much-anticipated Federal Reserve interest rate decision is in, and U.S. central bankers have decided to maintain the FFR range at 0.25 to 0.50 basis points, while keeping the discount rate at 1.00 percent. While the Fed did say they see indicators of a strengthening labor market (along with...

U.S. retail and food services sales for February fell 0.1 percent versus consensus estimate of 0.2 percent drop. The data from Commerce Department shows that the December 2015 to January 2016 percent change was revised from up 0.2 percent to down 0.4 percent. The recent data on retail sales may...

RSM Chief Economist Joe Brusuelas said the United States is poised to outperform the Eurozone not only in growth, but also in hiring and diverging inflation readings, as the U.S. economy is rebounding and the inventory correction that caused much of the quarter to quarter volatility in 2015 GDP...

Initial jobless claims increased by 6,000 over last week, according to Department of Labor data released Thursday morning. 278,000 people filed for unemployment insurance for the first time last week. Estimates pegged the number at 271,000. The four-week moving jobless claim fell 1,750 to 207,250....

After plenty of anticipation, the FOMC has finally met, ultimately deciding to keep interest rates unchanged and at record lows. The Fed cited a few reasons behind this decision, including the sluggishness in the global economy, low inflation in the United States and recovering housing and labor...

Last Friday, CCTV's Michelle Makori spoke with McGladrey's Chief Economist Joe Brusuelas about the global market selloff. Why Are We Seeing A Global Selloff? Brusuelas explained that what the market is seeing is “a reaction to the secular slowdown in overall Chinese growth, and...

Welcome to the August edition of This Week on Estimize - Economics. We are pleased to be joined by Joe Brusuelas, chief economist at McGladrey. In this episode, Leigh and Joe discuss the updated situation in Greece, why the "real economy" is doing much better than large caps would...

U.S. House Speaker John Boehner threw his support behind efforts in Congress to end the decades-old ban on crude oil exports on Thursday. The United States prohibited itself from selling oil to foreigners – with some exceptions – during the 1970s, at a time when policymakers wanted to...

The nationwide push toward a $15 minimum wage marched forward on Wednesday. University of California President Janet Napolitano announced that the network of schools would raise its minimum wage for employees working at least 20 hours a week to $15 per hour by 2017. The UC school system employs...

The numbers demand Donald Trump be taken seriously, at least for the time being. According to the most recent Washington Post-ABC News poll, Trump is the clear alpha within the Republican pack; 24 percent of registered GOP members and right-leaning voters listed the real estate tycoon as their...