The job market started the new year on a firm footing. Nonfarm payroll employment increased 227,000 (1.5% y/y) following increases of 157,000 and 164,000, previously reported as 156,000 and 204,000. The latest gain was the strongest [...]
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 03 2017
U.S. Payroll Increase Accelerates; Wage Gains Slow
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2017
U.S. Initial Claims for Jobless Insurance Increase
Initial filings for unemployment insurance declined to 246,000 (-14.0% y/y) during the week ended January 28 from 260,000 claims in the prior week, revised from 259,000. Expectations in the Action Economics Forecast Survey had been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2017
U.S. Productivity Gain Moderates; Unit Labor Costs Pick Up
Growth in nonfarm output per hour during Q4'16 increased at a 1.3% rate (1.0% y/y) following a 3.5% rise in Q3, revised from 3.1%. A 1.0% increase had been expected in the Action Economics Forecast Survey. These latest two increase [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2017
U.S. Light Vehicle Sales Ease During January
Total sales of light vehicles fell 4.4% (-1.6% y/y) to 17.61 million units (SAAR) during January from 18.43 million units sold in December, according to the Autodata Corporation. Leading the decline was a 9.3% drop (-11.8% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2017
FOMC Holds Rates Steady
At today's meeting of the Federal Open Market Committee, the targeted fed funds rate was left unchanged in a range between 0.50% and 0.75%. It remained the highest target since the end of 2008. The Fed continued to indicate that job [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2017
U.S. Construction Activity Eases
The value of construction put-in-place slipped 0.2% during December following an unrevised 0.9% November increase. Construction was up 4.2% y/y following stronger growth from 2012 through 2015. The latest decline disappointed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2017
ISM Factory Sector Index Moves Higher; Prices Strengthen
The ISM composite index of factory sector activity increased to 56.0 during January from 54.5 in December, initially reported as 54.7. It was highest reading since November 2014. Expectations called for 55.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2017
U.S. ADP Private Payrolls Strengthen
The ADP/Moody's National Employment Report indicated that private nonfarm payroll employment increased 246,000 (1.8% y/y) during January following a 151,000 December gain, revised from 153,000. The increase compared to expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2017
Chicago Purchasing Managers Index Declines, but Prices Firm
The Chicago Purchasing Managers Business Barometer Index declined to 50.3 in January after a fall to 53.9 in December. The latest figure was the lowest since May. The January reading disappointed expectations for 55.0 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2017
U.S. Consumer Confidence Backs Off
The Conference Board Index of Consumer Confidence indicated that its headline consumer confidence index for January declined to 111.8, following its December rise to a 15-year high. Also, December's reading was revised down slightly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2017
U.S. Employment Cost Index Increases Moderately
The employment cost index for civilian workers rose 0.5% (2.2% y/y) during Q4'16, down slightly from the 0.6% Q3 gain. A 0.6% rise had been expected in the Action Economics Forecast Survey. Wages and salaries increased 0.5% (2.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2017
Texas Factory Sector Activity Nears Seven-Year High
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index surged to 22.1 during January, the strongest reading since March 2010. Most of the survey indicators [...]
by:Tom Moeller
|in:Economy in Brief
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