Nonfarm payrolls rose roughly twice Consensus expectations for a 70,000 worker rise. The decline in December payrolls was deepened by about half from a 101,000 decline reported last month. The rise in January payrolls was the largest [...]
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| Feb 07 2003Nonfarm Payrolls Up Twice Expectations
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2003
Productivity Fell in 4Q, Annual Gain Strongest Since 1950
Nonfarm labor productivity last quarter fell for the first quarter since 2Q01. Consensus estimates were for a rise of 1.0%. The annual gain of 4.7% in productivity was the strongest since 1950. The slowdown in output growth to 0.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2003
Mortgage Applications Still Firm
The index of mortgage applications, compiled by the Mortgage Bankers Association, fell a slight 2.5% last week (+101.2% y/y). For the month of January, applications rose 23.2% from December and were up 89.1% from last January. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2003
U.S. Light Vehicle Sales Fell
Unit sales of light vehicles fell sharply in January. The 11.5% m/m decline reversed virtually all of the sharp gain the prior month. January sales were slightly below Consensus expectations for a 16.4 mil. unit sales rate. Sales of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2003
ISM Index Down
The ISM Composite Index of manufacturing sector activity fell modestly last month from an upwardly revised December level. It was the third consecutive month the index was above 50, thus indicating expansion in factory sector [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2003
Personal Income Firm, Consumer Finances Improved
Personal income rose twice the Consensus expectation for a 0.2% gain last month. Firm growth in nominal income and tax cuts lifted disposable income growth last year to 5.9%, 4.5% after inflation. These gains raised the personal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2003
4Q GDP Growth Weak
Real GDP last quarter grew slightly less than expected. At 0.7% (AR) growth was the weakest since 3Q01. Consensus expectations were for 1.0% growth. A slower rate of inventory accumulation subtracted from GDP growth for the first [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2003
Mortgage Applications Firm
The index of mortgage applications, compiled by the Mortgage Bankers Association, surged 6.4% last week (117.3% y/y) following two consecutive weeks of moderate decline. Mortgage applications to refinance rose 7.8% (232.3% y/y) and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2003
Durable Goods Orders Up Slightly
Durable goods orders rose about as expected last month. The gain was slight and followed a sharp November decline that was little revised. Consensus expectations had been for a 0.5% rise. The rise in durable orders failed to match the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2003
US Dollar Down, Commodity Prices Strong
The trade weighted value of the US dollar has fallen sharply during the last year, down 12.4% since year ago levels. In 2003 alone the dollar's value has shed 2.4%. The Euro has risen almost 20% against the US dollar during the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 24 2003
Price Inflation in Europe and Japan
Volatile energy prices have dominated the inflation picture around the world but in Europe, core price inflation has been firm. Annual gains in prices less food and energy ran in excess of 2% during 2002, double the growth during 1999 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 23 2003
Initial Jobless Insurance Claims Rose
Initial claims for unemployment insurance rose about as expected last week. Claims rose 5.0% from the prior week's level which was revised slightly higher. Last week's figure was for the January survey period for nonfarm payrolls. [...]
by:Tom Moeller
|in:Economy in Brief
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