Non-farm payrolls rose a less than expected 57,000 in November.Consensus expectations were for a 150,000 rise. Though the gain in October payrolls was revised up slightly to 137,000, September payrolls were revised down to +99,000 [...]
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| Dec 05 2003U.S. Non-farm Payrolls Up Less Than Expected
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2003
Initial Jobless Insurance Claims Rose Slightly
Initial claims for jobless insurance rose 11,000 last week to 365,000. Consensus expectations had been for claims of 350,000 and the prior week's level was revised up. The four-week moving average of initial claims rose slightly to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2003
ISM Non-manufacturing Index Down
The November Business Activity Index for the non-manufacturing sector fell last month to 60.1 from 64.7 in October, reported the Institute for Supply Management. Consensus expectations had been for little change at 64.5. Since the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2003
Gold Prices Top $400/oz.
Gold prices topped $400 per ounce yesterday for the first time since early 1996. The rise accompanied other indications of strength in pricing power including the rise in the November ISM price index. During the last twenty years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2003
ISM Factory Index a Barnburner
The Purchasing Managers Composite Index (PMI) released by the Institute of Supply Management jumped to the highest level since December 1983. Rising to 62.8 in November, the reading confirmed that recovery in the factory sector is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2003
Initial Jobless Insurance Claims Lowest Since January 2001
Initial claims for jobless insurance fell 11,000 last week to 351,000, the lowest level since January 2001. Consensus expectations had been for claims of 360,000 and the prior week's level was revised up. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2003
3Q U.S. GDP Revised to 8.2%, Profits Exploded
US economic growth last quarter was revised upward to 8.2% (AR). Consensus expectations had been for a revision to 7.8%. Corporate profits w/IVA & CCA exploded, rising at a 56.0% annual rate (30.0% y/y. That followed a 45.7% gain in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 24 2003
ECRI Weekly Leading Indicators at Record High
The Weekly Leading Index of the US economy published by the Economic Cycle Research Institute (ECRI) rose to a record high level in the latest week. The latest increase pulled the six-month growth rate of the weekly leading index to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 21 2003
US Dollar At Seven Year Low
The foreign exchange value of the US dollar versus major currencies fell yesterday to the lowest level since late 1996 (-15.1% y/y). Roughly 50% of US foreign trade is with the countries in the major currency index. Against a broader [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 20 2003
Initial Claims for Jobless Insurance Fell
Initial claims for jobless insurance fell to 355,000 last week. Down 15,000 w/w and down 73,000 (17.1%) since early September, claims were near the lowest level since early 2001. Consensus expectations had been for claims of 365,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 19 2003
Single Family Housing Starts Set Record
Housing starts surged unexpectedly in October, rising 2.9% m/m to the highest level since January 1986. Consensus forecasts had been for a moderate decline versus September, which was revised up. Single family starts rose 5.7% m/m to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 18 2003
CPI Unchanged
The Consumer Price Index (CPI-U) was unchanged (2.1% y/y) last month following a 0.3% gain in September. Consensus expectations were for a 0.1% rise. Energy prices fell 3.9% as gasoline prices dropped 6.8% (9.8% y/y). So far in [...]
by:Tom Moeller
|in:Economy in Brief
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