- Claims fall to lowest level in four weeks.
- Continuing claims drop sharply to February low.
- Insured unemployment rate steady & low for 9th straight week.
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 29 2023U.S. Initial Unemployment Insurance Claims Decline Sharply
by:Tom Moeller
|in:Economy in Brief
USA| Jun 28 2023U.S. Goods Trade Deficit Narrows in May
- Deficit average in Q2 suggests moderate subtraction from GDP growth.
- Exports decline modestly following April slump.
- Imports shortfall fall back again.
by:Tom Moeller
|in:Economy in Brief
- Sharp increase follows a small gain in prior week.
- Purchase & refinancing applications rise.
- Mortgage rates remain below late-May high.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 27 2023U.S. Consumer Confidence Rebounds in June
- Expectations rise to six-month high.
- Present situation index improves to roughly two-year high.
- Inflation expectations continue to moderate.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 27 2023U.S. FHFA House Prices Strengthen in April
- Rise is fourth consecutive monthly increase.
- Strength spreads through most regions of country.
- Year-to-year home price gains continue to moderate.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 26 2023Texas Manufacturing Activity Index Improves Slightly in June
- General business activity & expectations rise.
- Employment & production fall.
- Pricing & wage pressures weaken sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 23 2023FIBER: Industrial Commodity Price Index Improves
- Price movement is mixed amongst categories.
- Metals & lumber prices dominate rise.
- Oil & cotton prices decline.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 22 2023U.S. Existing Home Sales Are Little Changed in May
- Sales remain up from earlier low.
- Purchases are mixed throughout country.
- Home prices rise sharply.
by:Tom Moeller
|in:Economy in Brief
- Claims remain at highest level since October 2021.
- Continuing claims drop, reversing most of prior week’s rise.
- Insured unemployment rate stays steady & low for 8th straight week.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 21 2023U.S. Mortgage Applications Edge Higher as Interest Rates Slip
- Modest rise in applications last week adds to sharp increase in prior week.
- Weekly mortgage rates decline for third straight week.
- Refinancing activity declines again.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 21 2023U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices ease but diesel fuel prices rise.
- Crude oil prices decline as natural gas costs prices improve.
- Petroleum demand increases.
by:Tom Moeller
|in:Economy in Brief
USA| Jun 20 2023U.S. Housing Starts Surge in May
- Both single-family & multi-family starts jump.
- Improvement fails to include the Northeast.
- Smaller gain in building permits dominated by single-family.
by:Tom Moeller
|in:Economy in Brief
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