RSM

For the week ending July 4, the advance figure for seasonally adjusted initial unemployment claims was 1,314,000, representing a 99,000-claim week-over-week drop, according to the Labor Department.  What Happened: Initial jobless claims are slowly decreasing, but it's still the...

Americans made 1.5 million new jobless claims in the week ending June 13, down 58,000 from the prior week, the Department of Labor said Thursday. The consensus expectation was for 1.3 million new filings.  The prior week's number was revised upward by 24,000 claims.  Layoffs Slowing:...

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 Bureau of Labor Statistics released employment data for the month of December, and the jobs report came in below economists expectations. 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 +145,000, below...

The SPDR S&P 500 ETF Trust (NYSE: SPY) opened lower by 0.6% on Friday after the U.S. said it killed Iran’s top commander, Gen. Qasem Soleimani, in a Baghdad airstrike.  News of geopolitical unrest in the Middle East sent stock prices tumbling nearly across the board on Friday...

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...

A proposed 15 percent corporate tax rate widely expected to be rolled out Wednesday by the White House is a case of talk translating to action, according to RSM US LLP Chief Economist Joe Brusuelas. A reduction of the corporate tax rate from 35 to 15 percent is the linchpin of President Donald...

After two consecutive months of better-than-expected payroll growth, with January and February beating estimates by a combined 87,000 jobs, the United States suffered a significant miss in its March employment figures. According to the Bureau of Labor Statistics establishment survey, total nonfarm...

The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent. Despite the fact that rising interest rates are typically bad for stocks and commodities like...

According to President Donald Trump’s press secretary, Sean Spicer, Trump is considering a 20 percent border adjustment tax on Mexican imports. Trump is also reportedly considering a 45 percent tariff on imported Chinese goods as well. Trump has also threatened German automakers with a 35...

The U.S. economy under Barack Obama seems to have faltered as the former president hit the homestretch. Advance estimates released by the Bureau of Economic Analysis report on Friday showed that the U.S. economy slowed more than expected in the fourth quarter, rendering the annual GDP growth...

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...

U.S. equity markets were highly volatile Wednesday afternoon after the Federal Reserve released the minutes from its April policy meeting. The Fed said it will likely hike interest rates in June should economic data points continue to remain strong. "Most participants judged that if...

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...