• Nonfarm worker productivity remains deepest drop in forty years. • Compensation increases moderately. • Unit labor costs surge shaved. Revisions to nonfarm business sector productivity indicated a 4.2% decline during Q4'20 (SAAR, [...]
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| Mar 04 2021U.S. Productivity's Decline Lessened in Q4'20; Reverses Q3 Increase
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2021U.S. ISM Services Index Weakens in February
• Service sector activity declines to lowest level since May. • New orders post biggest component drop. • Pricing improves as delivery speeds slow. The Composite Index of Services Activity from the Institute for Supply Management [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2021U.S. ADP Nonfarm Private Payroll Increase Disappoints in February
• Modest job increase follows upwardly revised January reading. • Reduced growth is broad-based amongst payroll sizes. • Factory workforce size declines. Job market strength moderated last month. The ADP National Employment Report [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2021U.S. Light Vehicle Sales Weaken in February
• Sales of cars & light trucks ease. • Domestic passenger car sales fall sharply again. • Imports' share of vehicle market remains firm. Light vehicle sales faltered last month. The Autodata Corporation reported that sales of light [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2021U.S. Gasoline & Crude Oil Prices Continue to Strengthen
• Gasoline prices rise as driving increases. • Oil prices rise further with production cutbacks. • Natural gas prices weaken following surge. The price of regular gasoline strengthened to $2.71 per gallon (11.9% y/y) in the week ended [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 01 2021NABE Projects Firm Growth in 2022, as in 2021
• Overall economic growth benefits from low price inflation. • Improvement versus 2020 emerges across sectors. • Interest rates increase. The National Association for Business Economics expects 4.0% real GDP growth in 2022 following a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 01 2021U.S. Construction Spending Strengthens Again in January
• Overall activity sets another record. • Residential building's surge led by single-family sector. • Public-sector building strengthens. Building activity continues to strengthen. The value of construction put-in-place increased 1.7% [...]
by:Tom Moeller
|in:Economy in Brief
• Factory activity increases to three-year high. • Component gains are broad-based. • Pricing power improves further. Factory sector activity recovered last month following moderate weakening in January. The Institute for Supply [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 26 2021Chicago Business Barometer Declines Sharply in February
• Business activity index reverses most of January's increase. • Declines in new orders & production lead the decline. • Employment and prices improve. The ISM-Chicago Purchasing Managers Business Barometer fell 4.3 points in February [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 26 2021U.S. Personal Income & Spending Surge With Stimulus Payments in January
• Income boosted by government payments of $600 to individuals. • Spending growth strengthens for goods & services. • Pricing power remains improved. Personal income jumped 10.0% (13.1% y/y) last month after increasing 0.6% during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 25 2021TT
• PREVIOUS>>>>>>>>>>>Initial claims for unemployment insurance rose 13,000 in the week ended February 13 to 861,000...... For more details, please see the September 3 commentary on jobless claims. Data on weekly unemployment claims [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 25 2021Kansas City Fed Manufacturing Index Increases Again in February
• Growth continues at quickest rate since June 2018. • Component improvement is widespread. • Expectations for six months ahead broadly strengthen. The Federal Reserve Bank of Kansas City reported that its manufacturing sector [...]
by:Tom Moeller
|in:Economy in Brief
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