- Job gain remains part of decelerating trend with earlier months’ growth revised lower.
- Earnings strengthen m/m but trend increase remains weak.
- Jobless rate edges lower; upward trend continues.
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
USA| Sep 05 2024U.S. Employment Disappoints in August; Jobless Rate Eases
by:Tom Moeller
|in:Economy in Brief
- Latest job gain is less-than-half its March 2024 high; factory jobs decline for fourth straight month.
- Service-sector slowdown is broad-based. Construction job growth slows.
- Wage growth for “job stayers” stabilizes y/y.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 05 2024U.S. Productivity Increase Revised Slightly Higher in Q2’24
- Output per hour growth raised.
- Compensation growth is reduced.
- Modest unit labor cost increase is lessened.
by:Tom Moeller
|in:Economy in Brief
USA| Sep 04 2024U.S. Light Vehicle Sales Weaken in August
- Both light truck and passenger car sales decline with strained consumer buying power.
- Domestic vehicle sales fall along with imports.
- Imports' market share slips.
by:Tom Moeller
|in:Economy in Brief
- Openings post fifth decline this year, remaining well below 2022 high.
- Hiring recovers much of June decline but remains sharply lower y/y.
- Job separations surge as layoffs jump.
by:Tom Moeller
|in:Economy in Brief
- Index moves up marginally from eight-month low but still indicates contraction.
- Employment & inventories lead August upturn while new orders & production weaken.
- Price index increases moderately.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 23 2024U.S. New Home Sales Post Strong Increase in July
- Sales are highest since May 2023.
- Median sales price strengthens to four-month high.
- Sales improve throughout country.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 22 2024U.S. Existing Home Sales Edge Higher in July; Prices Decline
- Sales rise after four months of decline.
- Home prices back away from record.
- Sales rise in most regions of the country.
by:Tom Moeller
|in:Economy in Brief
- Purchase & refinancing applications decline.
- Interest rate on 30-year fixed-rate loan remains near May 2023 low.
- Average loan size declines.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 20 2024U.S. E-Commerce Sales Firm in Q2’24
- Online sales share of total remains high.
- Nonstore retail sales moderate.
- Electronics & general merchandise firm y/y.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 20 2024U.S. Gasoline Prices Decline in Latest Week; Crude Oil Prices Rise
- Gasoline prices fall to six-month low.
- Crude oil prices increase w/w but decline sharply yesterday.
- Natural gas prices weaken to lowest level since early-May.
by:Tom Moeller
|in:Economy in Brief
USA| Aug 19 2024U.S. Leading Economic Indicators Decline Further in July
- Leading index drop is largest in three months.
- Coincident index stabilizes, following two months of increase.
- Lagging index dips for second month in last three.
by:Tom Moeller
|in:Economy in Brief
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