The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during October declined to 30,740 (-39.1% y/y) following September's increase to 44,324. It was the lowest level of job cut announcements since [...]
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| Nov 03 2016Challenger Survey Layoff Announcements Backpedal
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2016
U.S. Factory Orders and Shipments Trend Higher
Manufacturing sector orders improved 0.3% during September following a 0.4% increase in August, revised from 0.2%. Three month growth rose to 8.4%. New orders for durable goods declined 0.3% (+1.4% y/y), which was revised from the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2016
U.S. ISM Nonmanufacturing Index Backpedals; Prices Improve
The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) fell to 54.8 during October from an unrevised 57.1 in September. The decline disappointed expectations for 56.0 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2016
U.S. Initial Claims for Unemployment Insurance Rebound
Initial unemployment insurance claims rose to 265,000 (-4.7% y/y) during the week ended October 29 following an unrevised decline to 258,000 in the week prior. The four-week moving average of claims rose to 257,750, but remained near [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2016
U.S. Productivity Growth Strengthens
Growth in nonfarm output per hour during Q3'16 improved to 3.1% (0.0% y/y) after a 0.2% Q2 decline, revised from -0.6%. A 1.8% increase had been expected in the Action Economics Forecast Survey. It was the strongest rise in two years. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2016
FOMC Leaves Fed Funds Rate Unchanged; Inflation Measures Strengthen
At today's meeting of the Federal Open Market Committee, the fed funds rate was left unchanged in the range of 0.25%-0.50%, as expected. The meeting minutes continued to focus on price inflation. Overall inflation has remained below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2016
U.S. Mortgage Loan Applications Decline Again as Rates Rise
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.2% last week (+17.4% y/y) following a 4.1% drop. Refinancing applications declined 1.6% (+23.3% y/y) following a 2.3% shortfall. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2016
U.S. ADP Private Payroll Gain Eases
The ADP/Moody's National Employment Report indicated a 147,000 increase (1.9% y/y) in October nonfarm private sector payroll employment following a 202,000 September addition, revised from 154,000. So far this year, payrolls rose an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
U.S. Light Vehicle Sales Reach New High
Total sales of light vehicles during October increased 3.0% (0.6% y/y) to 18.29 million units (SAAR) according to Autodata, and added to September's 4.5% gain. The latest level was the strongest since July 2005. Pacing the increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
U.S. Construction Activity Declines Again
The value of construction put-in-place fell 0.4% (-0.2% y/y) during September following a 0.5% August dip, revised from -0.7%. The value of construction spending has been moving sideways since the middle of last year, following strong [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
ISM Manufacturing Index Nudges Higher; Prices Improve
Factory sector activity continued to improve during October. The ISM composite index of factory sector activity rose to 51.9 from an unrevised 51.5 in September. It was the seventh month this year when the index was above break-even. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2016
U.S. Energy Prices Fall
Natural gas prices declined to the lowest level since August. At $2.69 per mmbtu last week, prices have fallen from $3.15 just two weeks ago, and equaled the lowest level since mid-August. They remained up, however, by nearly one- [...]
by:Tom Moeller
|in:Economy in Brief
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