The job market remains firm. Nonfarm payrolls increased 304,000 (1.9% y/y) during January, but December's gain was revised downward to 222,000 from 312,000 reported last month. November's increase was revised up slightly to 196,000 [...]
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| Feb 01 2019U.S. Employment Strengthens in January but Wage Growth Slips; Unemployment Rate Edges Higher
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 01 2019
U.S. Employment Strengthens in January but Wage Growth Slips; Unemployment Rate Edges Higher
The job market remains firm. Nonfarm payrolls increased 304,000 (1.9% y/y) during January, but December's gain was revised downward to 222,000 from 312,000 reported last month. November's increase was revised up slightly to 196,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2019
U.S. New Home Sales Improve as Prices Plummet
The government shutdown delayed the report covering November new single-family home sales, but the information in the report is worthy of note. New home sales jumped 16.9% (-7.7% y/y) to 657,000 (SAAR) and recovered October's 8.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2019
U.S. Employment Costs Continue to Firm
The employment cost index (ECI) for civilian workers rose 0.7% in Q4 2018 following a 0.8% Q3 gain. A 0.8% rise had been expected in the Action Economics Forecast Survey. The gains combined to lift y/y compensation growth to 2.9%, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2019
FOMC Leaves Interest Rates Unchanged
The Federal Open Market Committee voted unanimously at today's meeting to leave the federal funds rate target in a range between 2.25% and 2.50%. The action was expected in the Action Economics Forecast Survey. The Fed indicated after [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2019
U.S. Mortgage Loan Applications Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 3.0% (-6.0% y/y) during the week ended January 25, about the same as during the prior week. These declines followed sharp increases early in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2019
U.S. ADP Private-Sector Payroll Growth Is Surprisingly Firm
ADP indicated in its National Employment Report that private nonfarm payrolls increased 213,000 during January (1.9% y/y) following a 263,000 December gain, revised from 271,000. Expectations had been for a 175,000 rise in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2019
U.S. Consumer Confidence Deteriorates, Led by Bleaker Expectations
The Conference Board Consumer Confidence Index deteriorated 5.1% to 120.2 during January (-3.3% y/y) from 126.6 in December, revised from 128.1. It was the lowest confidence level since July 2017, down 12.8% from the peak just three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2019
U.S. Petroleum Prices Rise
Retail gasoline prices of $2.26 per gallon last week (-13.5% y/y) were improved by one penny versus the prior week and have risen slightly for three straight weeks. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2019
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index increased to 17.0 during January, the highest level in three months. The Action Economics Forecast Survey median estimate was 10.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2019
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index increased to 17.0 during January, the highest level in three months. The Action Economics Forecast Survey median estimate was 10.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2019
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12 from an unrevised 216,000 during the prior week. The Action Economics Forecast Survey expected 223,000 claims. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
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