• Coronavirus restrictions, business shutdowns & severe weather cause decline. • Earnings growth accelerates. • Jobless rate holds steady at lowest level since March. The recovery in the labor market came to an abrupt end in December. [...]
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| Jan 08 2021U.S. Payrolls Fall Unexpectedly in December
by:Tom Moeller
|in:Economy in Brief
Global| Jan 07 2021U.S. ISM Services Index Recovers at Yearend
• Service sector activity continues to trend sideways. • Component activity remains mixed. • Pricing power eases. The Composite Index of Services Activity from the Institute for Supply Management rose to 57.2 during December after [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 07 2021U.S. Trade Deficit Widens As Imports Surge
• Trade deficit increases to highest level since August 2006. • Import rise fueled by higher oil prices. • Exports decline y/y as overseas economies remain weak. The U.S. trade deficit in goods and services widened to $68.1 billion [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2021U.S. Factory Orders, Shipments and Inventories Increase in November
• Factory orders and shipments remain strong. • Inventory accumulation accelerates. • Order backlogs continue to decline. Manufacturing activity continues to strengthen. Factory orders rose in November for a seventh consecutive month. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2021U.S. ADP Nonfarm Private Payrolls Decline Unexpectedly During December
• Job loss follows seven months of increase. • Declines ranged throughout most economic sectors. As the number of COVID-19 cases increase, the labor market suffered. The ADP National Employment Report indicated that nonfarm private [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2021U.S. Light Vehicle Sales Strengthen During December
• Sales of light trucks recover following two months of decline. • Passenger car sales continue to slip. • Imports' share of vehicle market backpedals. Light vehicle buyers returned to the market last month following two months of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2021ISM Manufacturing Index Unexpectedly Strengthens During December
• Factory activity rebounds and exceeds its recent high. • Component improvement is broad-based. • Price index surges. The Institute for Supply Management (ISM) reported that its Composite Index of Manufacturing Sector Activity jumped [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2021U.S. Energy Prices Are Mixed
• Gasoline prices improve slightly. • Crude oil prices edge higher. • Natural gas prices decline again. The price of regular gasoline rose to $2.25 per gallon (-12.8% y/y) in the week ended January 4 from $2.24 per gallon in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 04 2021U.S. Construction Spending Strengthens During November
• Monthly improvement is fifth since May. • Residential strength offsets continuing decline in nonresidential. • Public sector building eases. The value of construction put-in-place increased 0.9% (3.8% y/y) during November following [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2020U.S. FHFA House Price Index Continues to Strengthen
• Home price gain sets record for third straight month. • Prices continue to strengthen regionally. The Federal Housing Finance Agency (FHFA) House Price Index increased 1.5% during October following an unrevised record 1.7% September [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2020U.S. New Home Sales Decline Sharply in November; Prices Weaken
• Fall in new home sales is regionally broad-based. • Prices fall modestly. New single-family home sales declined 11.0% during November (+20.8% y/y) to 841,000 (SAAR) from 945,000 in October, revised from 999,000. September sales also [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2020U.S. Personal Income & Spending Decline in November
• Income decline reflects fewer government payments. • Spending shortfall is widespread. • Prices again hold steady. Personal income declined 1.1% (+3.8% y/y) during November following a 0.6% October drop, revised from -0.7%. A 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
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