The National Association for Business Economics raised its projection for real GDP growth in 2021 to 3.8% from 3.6%. This follows a record recession this year, with GDP expected to contract 3.5%, versus the prior forecast of a 4.3% [...]
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 07 2020NABE Increases 2021 Growth Expectations, Forecasting More Consumer Spending
by:Tom Moeller
|in:Economy in Brief
Global| Dec 07 2020U.S. Consumer Credit Increase Continues in October
• Nonrevolving usage remains firm. • Credit card balances are reduced further. Consumer credit outstanding increased $7.2 billion (0.2% y/y) during October following a $15.0 billion September strengthening, revised from $16.2 billion. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 07 2020NABE Increases 2021 Growth Expectations, Forecasting More Consumer Spending
The National Association for Business Economics raised its projection for real GDP growth in 2021 to 3.8% from 3.6%. This follows a record recession this year, with GDP expected to contract 3.5%, versus the prior forecast of a 4.3% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 07 2020NABE Increases 2021 Growth Expectations, Forecasting More Consumer Spending
The National Association for Business Economics raised its projection for real GDP growth in 2021 to 3.8% from 3.6%. This follows a record recession this year, with GDP expected to contract 3.5%, versus the prior forecast of a 4.3% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 04 2020U.S. Payroll Growth Slows Broadly
• Job gains held back as coronavirus spreads. • Earnings growth picks up. • Jobless rate declines to eight-month low. The rate of labor market improvement has slowed following an initial bounce-back from recession declines. Nonfarm [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 04 2020U.S. Payroll Growth Slows Broadly
• Job gains held back as coronavirus spreads. • Earnings growth picks up. • Jobless rate declines to eight-month low. The rate of labor market improvement has slowed following an initial bounce-back from recession declines. Nonfarm [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 03 2020U.S. ISM Services Index Slips During November
• Service sector activity weakened to six-month low. • Component activity remained mixed. • Pricing power strengthened. The Composite Index of Services Activity from the Institute for Supply Management eased to 55.9 during November [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 03 2020U.S. Initial Unemployment Insurance Claims Fall Sharply
• State initial claims at lowest level in three weeks. • Continuing claims fall to lowest level since late-March. • Pandemic unemployment assistance remains down from earlier highs. • Insured unemployment rate continues downtrend. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 02 2020U.S. ADP Nonfarm Private Hiring Slows During November
• Job gain disappoints expectations. • Service-sector weakening is pronounced. The ADP National Employment Report indicated that nonfarm private sector payrolls increased 307,000 (-7.1% y/y) during November following a 404,000 October [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 01 2020U.S. Light Vehicle Sales Weaken During November
• Passenger car sales ease slightly. • Sales of light trucks fall for second straight month. • Imports share of market improves. Buyers of light vehicles pared back spending last month and added to October's weakness. The Autodata [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 01 2020ISM Manufacturing Index Falls in November
• Factory activity weakens as coronavirus surges. • New orders, production and employment series ease. • Price index remains strong. The Institute for Supply Management (ISM) reported that its Composite Index of Manufacturing Sector [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 01 2020U.S. Petroleum Prices Rise; Natural Gas Costs Ease
• Gasoline prices improve. • Crude oil costs continue to rise. • Natural gas prices move lower. The price of regular gasoline improved last week, rising to $2.12 per gallon (-17.7% y/y) and reversing the prior week's decline to $2.10. [...]
by:Tom Moeller
|in:Economy in Brief
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