- Job increase slows to weakest in just over one year.
- Earnings increase moderates.
- Jobless rate moves up as employment increase is negligible.
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
by:Tom Moeller
|in:Economy in Brief
USA| May 02 2024U.S. Trade Deficit Deepens in March
- Exports and imports both fall.
- Adjusted for inflation, goods trade deficit increases to eleven-month high.
- Goods trade deficits with China & Europe deepen.
by:Tom Moeller
|in:Economy in Brief
USA| May 02 2024U.S. Factory Inventories Hold Steady While Orders Rise in March
- Inventories levels are flat.
- Order improvement led by aircraft.
- Unfilled orders rise.
by:Tom Moeller
|in:Economy in Brief
USA| May 01 2024FOMC Holds Funds Rate Steady
- Fed maintains focus on inflation reduction.
- Federal funds rate range remains at 5.25% - 5.50%, where it’s been since early-August 2023.
- Rate stays at highest level since March 2001.
by:Tom Moeller
|in:Economy in Brief
USA| May 01 2024U.S. Light Vehicle Sales Move Up in April
- Light truck sales improve considerably while passenger car sales edge higher.
- Imports' market share gains ground.
by:Tom Moeller
|in:Economy in Brief
USA| May 01 2024ADP Employment & Pay Growth Remain Firm in April
- Job increase is nearly the strongest since July 2023.
- Service-sector and construction sector employment are strong.
- Pace of wage growth steadies y/y.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 30 2024U.S. Consumer Confidence Diminishes Greatly in April
- Decline moves to roughly two-year low.
- Present situations and expected conditions decline.
- Inflation expectations remain steady.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 30 2024U.S. Employment Cost Index Strengthens in Q1
- Increase is largest in one year.
- Wages remain strong; benefits gain improves.
- Both goods-producing & service-sector compensation move higher.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 29 2024Texas Manufacturing Activity Holds Steady in April
- Current business index is unchanged while future reading improves.
- Production, shipments, new orders growth & hours-worked improve.
- Wages strengthen but employment moves lower.
- Finished goods & raw materials price indexes ease.
by:Tom Moeller
|in:Economy in Brief
- Spending growth holds at strongest rate since June.
- Disposable income increase picks up.
- Core PCE price index gain stabilizes at lessened rate.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 25 2024U.S. GDP Growth Weakens in Q1’24
- Quarterly growth is slowest since mid-2022.
- Inventories & foreign trade subtract from growth.
- Domestic final demand gain moderates.
- Price index growth accelerates.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 25 2024U.S. Pending Home Sales Strengthen in March
- Increase is fourth in five months.
- Sales rise in most regions of the country.
by:Tom Moeller
|in:Economy in Brief
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