- Job gains are broad-based.
- Earnings extend pattern of improved growth.
- Overall trend in jobless rate since early-2024 is up.
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 2024U.S. Payroll Employment Bounces Back in November After Storms & Strike; Earnings Growth Steadies & Jobless Rate Edges Up
by:Tom Moeller
|in:Economy in Brief
USA| Dec 05 2024U.S. Trade Deficit Narrows Sharply in October
- Both exports and imports post declines.
- Lower oil prices help push imports sharply lower.
- Goods trade deficit with China narrows but with Japan it deepens.
by:Tom Moeller
|in:Economy in Brief
- Employment increase led by hiring in services.
- Construction employment improves, while factory jobs decline.
- Wage gain for “job changers” strengthens.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 04 2024U.S. Factory Orders Edge Higher in October
- Total manufacturing orders show tepid gains amongst most industries.
- Shipments remain under pressure.
- Order backlogs rise, but inventories ease.
by:Tom Moeller
|in:Economy in Brief
- Openings reverse most of September’s falloff, but downward trend remains in place.
- Hiring decline reverses most of increase over previous three months.
- Job separations rate levels off near four-year low, but private sector layoffs drop.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 03 2024U.S. Light Vehicle Sales Rise to Three-Year High in November
- Light truck purchases jump and auto sales improve.
- Domestic & import sales both improve.
- Imports' market share declines.
by:Tom Moeller
|in:Economy in Brief
USA| Dec 02 2024U.S. ISM Manufacturing Index Increases in November
- Surprising strength moves index to highest level since June.
- New orders, employment & inventories lead improvement.
- Prices index backpedals.
by:Tom Moeller
|in:Economy in Brief
- GDP grew 2.8% (SAAR) after a 3.0% Q2 gain. Domestic final demand remains strong & unrevised.
- Before-tax profits dip.
- Inventory & foreign trade effects remain negative.
- Price index growth is slowest this year.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 27 2024U.S. Pending Home Sales Increase in October
- Sales are highest since March.
- Home sales strengthen across the country.
by:Tom Moeller
|in:Economy in Brief
- Confidence improves to highest level since July 2023.
- Both present situation & expectations measures increase.
- Inflation & interest rate expectations decline.
by:Tom Moeller
|in:Economy in Brief
USA| Nov 26 2024U.S. FHFA House Prices Strengthen in September
- Monthly rise is largest since February; y/y gain eases.
- Annual increases pick up in all but two of nine regions.
by:Tom Moeller
|in:Economy in Brief
- General business activity index has been rising since 2023 low.
- Production deteriorates, shipments decline, but hiring improves.
- Price reading is slightly higher but wages & benefits strength diminishes.
- Future business index moves up to highest point in three years.
by:Tom Moeller
|in:Economy in Brief
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