RSM US LLP

Data issued by Automatic Data Processing Inc (NASDAQ:ADP) on Wednesday raised concerns over the decelerating pace of monthly employment growth among private U.S. businesses. This marked the third consecutive month of declines as September numbers rolled in, and details of the report painted a...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% Friday morning after the Labor Department reported strong U.S. jobs market numbers from May. The U.S. added 390,000 jobs in May, beating consensus economist estimates of 325,000 jobs. The U.S. unemployment rate remained at 3.6%, slightly...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs. What Happened: The headline CPI rose 8.3% in April, down slightly...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April. The U.S. added 428,000 jobs in April, beating consensus economist estimates of 400,000 jobs. The U.S. unemployment rate remained at 3.6%,...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter. What Happened: U.S. GDP unexpectedly declined 1.4% in the first quarter, falling well short of consensus economist estimates of 1% growth....

Skyrocketing oil and gasoline prices have some Americans calling for a return to the pricing controls of the 1970s. Joseph Brusuelas, principal and chief economist for RSM US LLP, discussed price controls in a new blog post this week and outlined exactly why they are a bad idea. What Are Price...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported lackluster U.S. jobs market numbers from March. The U.S. added 431,000 jobs in March, missing consensus economist estimates of 490,000 jobs. The U.S. unemployment rate dropped to 3.6...

For more than a year, the U.S. Federal Reserve reassured investors that post-COVID-19 pandemic inflationary pressures were transitory. However, Joseph Brusuelas, principal and chief economist for RSM US LLP, said Tuesday that the Russian invasion of Ukraine may have assured investors inflation...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 1.2% on Thursday morning after the Labor Department reported a 7.9% increase in the consumer price index in the month of February, the largest inflation growth since 1982. What Happened: The headline CPI rose 7.9% in February, above...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported disappointing U.S. jobs market numbers from November. The U.S. added 210,000 jobs in November, missing consensus economist estimates of 573,000 jobs. The U.S. unemployment rate fell...

The SPDR S&P 500 ETF Trust (NYSE: SPY) lost ground once again Tuesday as investors try to get a clear picture of just how much of a negative economic impact the omicron variant of COVID-19 will have on the global economy. Near-Term Weakness: Omicron was a major topic at the BNP Paribas 2022...

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...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.3% on Wednesday morning after the Labor Department reported a 6.2% increase in the consumer price index in the month of October, the fastest inflation growth since late 1990. What Happened: The headline CPI rose 6.2% in October,...

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...