• Strong job gains continue after coronavirus shutdowns ebb. • Census hiring boosts total. • Earnings growth improves. • Jobless rate declines to five-month low. Labor market healing is continuing. Nonfarm payroll employment increased [...]
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| Sep 04 2020
U.S. Employment Growth Remains Firm in August; Earnings Growth Picks Up & Jobless Rate Falls Sharply
by:Tom Moeller
|in:Economy in Brief
Global| Sep 04 2020
U.S. Employment Growth Remains Firm in August; Earnings Growth Picks Up & Jobless Rate Falls Sharply
• Strong job gains continue after coronavirus shutdowns ebb. • Earnings growth improves. • Jobless rate declines to five-month low. Labor market healing is continuing. Nonfarm payroll employment increased 1.371 million in August [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 03 2020
U.S. ISM Services Slips in August
• Though easing slightly, service sector activity remains firm. • Component activity is mixed. • Pricing power strengthens. The Composite Index of Services Activity from the Institute for Supply Management fell to 56.9 during August [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 03 2020
U.S. Trade Deficit Deepens Unexpectedly in July
• Imports strengthen; oil prices jump. • Export gain remains firm. The U.S. trade deficit in goods and services ballooned to $63.56 during July from $53.46 billion in June, revised from $50.7 billion. A $52.7 billion deficit had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 02 2020
U.S. Factory Orders & Shipments Remain Strong in July
• Factory orders strength is broad-based. • Motor vehicle shipments are exceptionally strong. • Inventory decumulation is widespread. New orders for manufactured goods increased 6.4% (-6.2% y/y) during July and repeated the June gain, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 02 2020
U.S. ADP Nonfarm Private Payrolls Rise Moderately in August
• Medium-sized payrolls recover, while large payroll growth improves further. • Employment gain falls short of expectations. Labor market improvement continued during August. The ADP National Employment Report indicated that nonfarm [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 01 2020
U.S. Light Vehicle Sales Continued to Increase in August
• Monthly increase shows biggest gains in domestically-made vehicles. • Year-to-year decline shrinks. The Autodata Corporation reported that sales of light vehicles rose 4.5% last month (-11.7% y/y) to 15.18 million units (SAAR) from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 01 2020
ISM Manufacturing Index Is Unexpectedly Strong in August
• Factory sector activity expands for third straight month. • Breadth of component improvement is wide. • Price index continues to increase. The factory sector remains on a firm footing. The Institute for Supply Management (ISM) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 01 2020
U.S. Energy Prices Strengthen Again
• Gasoline prices increase to March 2020 high. • Crude oil prices improve modestly. • Natural gas prices continue to rise. Regular gasoline prices increased to $2.22 per gallon (-13.3% y/y) in the week ended August 31 after rising to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 31 2020
Texas Factory Sector Registers Positive Growth in August
• August reading stands at highest level since February 2019. • Components strengthen broadly. • Expectations improve. The Dallas Federal Reserve reported in its Texas Manufacturing Outlook Survey that the General Business Activity [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 21 2020
U.S. Existing Home Sales Surge As Prices Strengthen
• Existing home sales rose last month to highest level since December 2006. • Sales strength was broad-based across the nation. • Pricing power picked up. The National Association of Realtors (NAR) reported that sales of existing [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 20 2020
Philadelphia Fed Factory Sector Activity Is Expanding
• Component movement was mixed. • Expectations remain depressed. The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index fell in August to 17.2% from 24.1% during July. It was the [...]
by:Tom Moeller
|in:Economy in Brief
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