The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 163,000 during August (1.8% y/y) following a 217,000 July gain, revised from 219,000. The increase disappointed expectations for a 190,000 [...]
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| Sep 06 2018U.S. ADP Private Payroll Increase Moderates
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2018
U.S. Factory Orders Decline While Shipments Stagnate
Manufacturers' orders fell 0.8% (+9.0% y/y) during July following a 0.6% June increase, revised from 0.7%. Manufacturing shipments held steady (8.1% y/y) in July after a 1.0% June increase. Durable goods orders declined 1.7% (+9.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2018
U.S. ISM Nonmanufacturing Index Improves
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) increased to 58.5 during August from 55.7 in July. Despite the increase, the index remained below its February high of 59.5. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2018
U.S. Initial Unemployment Insurance Claims Fall to Fewest Since 1969
Initial claims for unemployment insurance decreased to 203,000 (-31.2% y/y) during the week ended September 1 from an unrevised 213,000 during the prior week. It was the lowest level since December 1969. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2018
U.S. ADP Private Payroll Increase Moderates
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 163,000 during August (1.8% y/y) following a 217,000 July gain, revised from 219,000. The increase disappointed expectations for a 190,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2018
U.S. Light Vehicle Sales Ease
Total sales of light vehicles of 16.72 million units (SAAR) in August (0.8% y/y) compared to 16.77 million in July according to the Autodata Corporation. The m/m slip left sales 8.0% below the 18.16 million unit high reached last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2018
U.S. Trade Deficit Increases
The U.S. trade deficit in goods and services widened to $50.08 billion during July from June's $45.74 billion which was little revised from last month's report. It was the deepest deficit since February. A deficit of $49.9 billion had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2018
U.S. Gasoline Prices Slip; Crude Oil Strengthens
Gasoline prices eased to $2.82 per gallon (+5.4% y/y) last week and remained down from the late-May high of $2.96. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally-adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2018
U.S. Construction Spending Unexpectedly Weak in July
Forward momentum in building activity continues to slow. The value of construction put-in-place improved 0.1% (5.8% y/y) during July following a 0.8% decline in June, revised from -1.1%. A 0.4% increase was expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2018
ISM Factory Sector Index Strengthens; Prices Ease
The ISM composite index of activity in the factory sector increased to 61.3 during August from 58.1 in July, which was unrevised. The latest level was the highest since May 2004 as each of the index components improved. A reading of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2018
Chicago Purchasing Managers Index and Prices Paid Component Ease
The Chicago Purchasing Managers Business Barometer fell to 63.6 during August from an unrevised 65.5 in July. The decline was to the lowest level in three months. The Action Economics Forecast Survey expected a decline to 63.0. The [...]
by:Tom Moeller
|in:Economy in Brief
Personal consumption expenditures rose 0.4% (5.2% y/y) in July, the same as during June which was unrevised. A 0.3% increase had been expected in the Action Economics Forecast Survey. Personal income improved an expected 0.3% (4.7% [...]
by:Tom Moeller
|in:Economy in Brief
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