The employment cost index for private industry workers rose 1.0% last quarter, about in line with Consensus expectations for a 0.9% gain. The rate of increase eased slightly from 1.1% in 1Q but the year to year rise of 4.0% was 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
Global| Jul 29 20042Q'04 Employment Cost Index As Expected
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2004
2Q'04 Employment Cost Index As Expected
The employment cost index for private industry workers rose 1.0% last quarter, about in line with Consensus expectations for a 0.9% gain. The rate of increase eased slightly from 1.1% in 1Q but the year to year rise of 4.0% was up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2004
Mortgage Applications Tick Up
The index of mortgage applications compiled by the Mortgage Bankers Association ticked 0.6% higher last week after falling 4.0% the prior week. Applications so far for July are 9.6% above the June average. Purchase applications rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2004
U.S. Durable Goods Orders Up But Below Projections
Durable goods orders in June rose 0.7%. The rise was half the Consensus projection for a 1.5% gain. Part of the shortfall was made up for by an upward revision of the May figure to a 0.9% decline versus -1.6% reported initially. An [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2004
U.S. Durable Goods Orders Up But Below Projections
Durable goods orders in June rose 0.7%. The rise was half the Consensus projection for a 1.5% gain. Part of the shortfall was made up for by an upward revision of the May figure to a 0.9% decline versus -1.6% reported initially. An [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2004
Chain Store Sales Up Again
Chain store sales rose another 0.2% last week, pulling the sales index to its highest level since early May according to the International Council of Shopping Centers (ICSC)-UBS. Sales in July are 0.2% higher than the June average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2004
New Home Sales Off Slightly
Sales of new one-family homes dipped 0.8% in June to 1.326M. The latest reading was still the second highest on record. Consensus estimates had been for a larger decline to 1.280 million. May sales were revised lower. Sales fell hard [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2004
Consumer Confidence Rose Further
The Conference Boards July Index of Consumer Confidence rose 3.2% to 106.1 following an upwardly revised 10.4% gain in June. Consensus expectations had been for a decline to 102.0. During the last ten years there has been a 55% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2004
Consumer Confidence Rose Further
The Conference Boards July Index of Consumer Confidence rose 3.2% to 106.1 following an upwardly revised 10.4% gain in June. Consensus expectations had been for a decline to 102.0. During the last ten years there has been a 55% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2004
Existing Home Sales Another Record High
Existing single family home sales rose in June to another record high of 6.95M. The 2.1% increase versus May was versus Consensus expectations for a decline to 6.65M. May sales were revised up slightly. The figures reflect closings of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2004
Mass Layoffs Bounce Up
Mass layoffs in the US as reported to the Bureau of Labor Statistics bounced up 39.6% in June and recouped nearly all of the prior month's 32.2% decline. The number of firms reporting mass layoffs in June rose to 1,379 from 988 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2004
Gasoline & Crude Oil Prices Up
The average price for unleaded regular gasoline rose last week to $1.93, the second week of rise following six of decline from the peak of $2.06. Spot crude oil prices also moved higher with the price of West Texas Intermediate crude [...]
by:Tom Moeller
|in:Economy in Brief
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