- Job growth is sharply below Q3.
- Factory & construction jobs decline; service gain is modest.
- Pay gains slow.
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| Dec 06 2023ADP Employment Increase Is Modest in November
by:Tom Moeller
|in:Economy in Brief
USA| Dec 06 2023U.S. Productivity Strength Revised Up in Q3
- Increase in productivity is largest in three years; compensation growth slows.
- Unit labor costs decline following two quarters of increase.
- Decline in factory sector productivity bolsters unit labor costs.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 05 2023U.S. JOLTS: Job Openings Decline Sharply in October
- Job openings post largest decline in five months; revisions indicate weakness.
- Hiring declines after two months of increase.
- Total separations rise as layoffs increase.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 05 2023U.S. Energy Prices Are Mixed
- Gasoline prices held steady but diesel fuel prices continued to fall.
- Crude oil prices resumed their decline.
- Natural gas prices rose.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 04 2023U.S. Factory Orders Decline Sharply Led by Aircraft in October
- Total factory orders slide as aircraft bookings halve.
- Durable & nondurable goods shipments weaken.
- Unfilled orders & inventories rise.
by:Tom Moeller
|in:Economy in Brief
- Consumer spending & business investment are projected to slow in 2024.
- Housing activity recovers modestly next year after 2023 decline.
- Price inflation is forecasted to cool next year.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 01 2023U.S. Light Vehicle Sales Ease in November
- Both light truck & passenger car sales slip.
- Imports' market share increases.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 01 2023U.S. ISM Manufacturing PMI Holds Steady in November
- Index remains below expansion level, where it’s been for one year.
- Component movement is mixed.
- Prices index strengthens to seven-month high.
by:Tom Moeller
|in:Economy in Brief
- Personal spending remains firm y/y.
- Increase in wages & salaries moderates.
- Prices of consumer durables fall as services gain slows.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 30 2023U.S. Pending Home Sales Fall in October
- Decline is second in last three months.
- Most regions record weakening.
by:Tom Moeller
|in:Economy in Brief
- Growth is broadened, notably in capital spending, housing & government.
- Profit gain accompanies dividend decline.
- Strength in consumer spending is reduced.
- Increase in price index remains double Q2’s gain.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 28 2023U.S. Consumer Confidence Improves in November Following Three Straight Months of Decline
- Business, employment & income expectations improve.
- Current conditions index dips.
- Inflation expectations decline.
by:Tom Moeller
|in:Economy in Brief
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