- Pay increases moderate, notably for “job changers.”
- Small business employment firms.
- Natural resource & mining, leisure & construction remain strong.
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| Jun 01 2023ADP Employment Remains Strong but Earnings Growth Eases in May
by:Tom Moeller
|in:Economy in Brief
USA| May 31 2023U.S. Chicago Business Barometer Tumbles in May
- Index falls back to lowest level since November.
- Component declines are widespread.
- Prices paid index falls to three-year low.
by:Tom Moeller
|in:Economy in Brief
USA| May 31 2023U.S. Gasoline & Crude Oil Prices Edge Higher in Latest Week
- Gasoline prices rise to four-week high.
- Natural gas prices fall.
- Petroleum demand moves higher, especially for crude oil and gasoline.
by:Tom Moeller
|in:Economy in Brief
USA| May 30 2023U.S. Consumer Confidence Deteriorates in May
- Expectations decline to ten-month low.
- Present situation index reverses earlier increase.
- Inflation expectations ease slightly.
by:Tom Moeller
|in:Economy in Brief
USA| May 30 2023U.S. FHFA House Prices Continue to Firm in March
- Monthly gains are uneven throughout most regions of country.
- Year-to-year home price gains have moderated.
by:Tom Moeller
|in:Economy in Brief
USA| May 26 2023U.S. Consumer Spending Is Surprisingly Strong in April
- Spending on goods declines; service outlays increase.
- Real disposable income improves.
- Core price inflation weakens further.
by:Tom Moeller
|in:Economy in Brief
USA| May 25 2023U.S. GDP Growth Revised Up in Q1’23; Profits Decline
- Inventories continue to subtract substantially from growth.
- Consumer spending stays strong as auto buying surges; business investment slows.
- Price index is unrevised & firm.
- After-tax profitability declines again.
by:Tom Moeller
|in:Economy in Brief
USA| May 25 2023U.S. Pending Home Sales Hold Steady in April
- Sales fall sharply y/y.
- Monthly changes are mixed amongst regions.
by:Tom Moeller
|in:Economy in Brief
USA| May 24 2023Mortgage Loan Applications Continue to Fall
- Purchase & refinance applications drop for second week.
- Effective interest rate increases again.
- Average loan size improves slightly.
by:Tom Moeller
|in:Economy in Brief
USA| May 23 2023U.S. New Home Sales Strengthen in April
- Sales pattern is uneven across regions of country.
- Supply of new homes for sale continues to decline.
- Median sales price weakens considerably.
by:Tom Moeller
|in:Economy in Brief
USA| May 23 2023U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices are unchanged.
- Crude oil prices fall but natural gas increases.
- Petroleum demand rises for especially crude oil and gasoline.
by:Tom Moeller
|in:Economy in Brief
USA| May 22 2023NABE Economic Forecasts for 2023 & 2024 Are Little Changed
- Consumer spending projected to be slow & steady this year and next.
- Housing activity weakens then rebounds.
- Price inflation will decelerate next year.
by:Tom Moeller
|in:Economy in Brief
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