• Output per hour fell as recessionary forces emerge. • Unit labor costs rise and set one-year high. Productivity in the nonfarm business sector during Q1'20 fell 2.5% (SAAR) after an unchanged 1.2% Q4'19 rise. A 5.2% decline had been [...]
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| May 07 2020
U.S. Productivity Declines; Unit Labor Costs Surge in Q1'20
by:Tom Moeller
|in:Economy in Brief
Global| May 07 2020
U.S. Productivity Declines; Unit Labor Costs Surge in Q1'20
• Output per hour fell as recessionary forces emerge. • Unit labor costs rise and set one-year high. Productivity in the nonfarm business sector during Q1'20 fell 2.5% (SAAR) after an unchanged 1.2% Q4'19 rise. A 5.2% decline had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 06 2020
U.S. ADP Private Payrolls Crater
• Monthly decline sets record. • All sectors hit hard. • Leisure & hospitality businesses pace the decline. The ADP National Employment Report indicated that nonfarm private payrolls during April fell 20.236 million (-14.8% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 06 2020
U.S. ADP Private Payrolls Crater
• Monthly decline sets record. • All sectors hit hard. • Leisure & hospitality businesses pace the decline. The ADP National Employment Report indicated that nonfarm private payrolls during April fell 20.236 million (-14.8% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 06 2020
U.S. ADP Private Payrolls Crater
• Monthly decline sets record. • All sectors hit hard. • Leisure & hospitality businesses pace the decline. The ADP National Employment Report indicated that nonfarm private payrolls during April fell 20.236 million (-14.8% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 05 2020
U.S. ISM Nonmanufacturing Collapses in April
• ISM Nonmanufacturing Index weakened substantially to 2009 low. • Business activity and new orders lead the index lower. • Prices strengthen. The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 05 2020
U.S. Trade Deficit Deepens as Exports Fall in March
• The foreign trade deficit in goods & services reversed most of its earlier improvement. • Exports declined as growth abroad remained weak. • Imports fell sharply with lower oil prices. The U.S. trade deficit in goods and services [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 05 2020
U.S. Petroleum Prices Improve
• Crude oil prices rose last week following the prior week's collapse. • Gasoline prices increased two cents. • Natural gas prices weakened further. The spot price of West Texas Intermediate crude oil rebounded to $15.65 per barrel [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 05 2020
U.S. Petroleum Prices Improve
• Crude oil prices rose last week following the prior week's collapse. • Gasoline prices increased two cents. • Natural gas prices weakened further. The spot price of West Texas Intermediate crude oil rebounded to $15.65 per barrel [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 04 2020
U.S. Factory Activity Sector Activity Weakens Substantially
• Factory orders decline led by durable goods. • Shipments & unfilled orders drop markedly as well. • Inventory liquidation progresses. Mirroring the weakness reported last month for durable goods orders and industrial production, [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 04 2020
U.S. Factory Activity Sector Activity Weakens Substantially
Mirroring the weakness reported last month for durable goods orders and industrial production, each component of factory sector activity declined in March. Factory orders dropped 10.3% (-11.4% y/y) during March following a little- [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 01 2020
U.S. Light Vehicle Sales Dive to Record Low
• Vehicle sales declined 49.6% in last two months. • Car & light truck sales each suffer large losses. Would-be motor vehicle buyers avoided dealer showrooms in April for a second straight month due to higher unemployment, fear of the [...]
by:Tom Moeller
|in:Economy in Brief
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