- Job increase is strongest since July 2023.
- Service-sector gain strengthens; construction improves.
- Pay increase steadies.
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| Apr 02 2024U.S. Light Vehicle Sales Decline in March
- Light truck & passenger car sales decline following February strengthening.
- Imports' market share improves modestly.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 02 2024U.S. JOLTS: Job Openings Rise Slightly in February
- Openings remain well below 2022 high.
- Hires improve, but are sharply lower y/y.
- Quits edge higher but layoffs jump.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 02 2024U.S. Energy Prices Loose Steam in Latest Week
- Gasoline prices hold steady.
- Crude oil costs are little-changed .
- Natural gas prices slip.
by:Tom Moeller
|in:Economy in Brief
USA| Apr 01 2024U.S. ISM Manufacturing PMI & Prices Strengthen in March
- Index reaches highest point since September 2022.
- Production, employment, orders & inventories all advance.
- Price index strength builds momentum.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 29 2024U.S. Personal Spending Strengthens; Core Price Gain Moderates
- Spending growth rebounds.
- Disposable income increase slows.
- PCE price index gain weakening is broad-based.
by:Tom Moeller
|in:Economy in Brief
- Growth accelerates as domestic final demand growth is lifted.
- Inventory & foreign trade contributions are lessened.
- Halving of Q3 price gain remains in place.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 28 2024U.S. Pending Home Sales Improve Moderately in February
- Modest increase follows sharp decline.
- Regional changes are mixed.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 27 2024U.S. Mortgage Applications Decline Even as Interest Rates Ease
- Trend in mortgage applications has been sideways since last summer.
- Purchase & loan refinancing applications refinancing slip.
- Rates on 30-year fixed-rate mortgage loans decline slightly.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 26 2024U.S. Consumer Confidence Eases in March
- Present situations reading moves up moderately.
- Expected conditions fall for third straight month.
- Inflation expectations edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 26 2024U.S. Energy Prices Strengthen in Latest Week
- Gasoline prices have been rising all month.
- Crude oil prices continue to strengthen.
- Natural gas prices rise slightly.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 25 2024U.S. New Home Sales Ease in February
- Nonetheless, sales remain above their November low.
- Regional sales performance is mixed.
- Median sales price declines sharply.
by:Tom Moeller
|in:Economy in Brief
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