The ADP/Moody's National Employment Report showed a 177,00 rise (1.9% y/y) in nonfarm private sector payrolls during August following a 194,000 July gain, revised from 179,000. So far this year, payrolls rose an average 184,000 per [...]
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| Aug 31 2016
U.S. ADP Private Payrolls Stay on Moderate Growth Path
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2016
U.S. Consumer Confidence Improves Broadly
The Conference Board's Consumer Confidence Index increased 4.6% to 101.1 (-0.2% y/y) during August from 96.7 in July, revised from 97.3. The latest figure was at the highest level since September and surpassed expectations for 97.0 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2016
U.S. Energy Prices Move Higher
Regular gasoline prices increased to $2.24 per gallon (-10.9% y/y) last week following a rise to $2.19 during the week prior, according to the U.S. Department of Energy. Prices remained down versus a 2014 high of $3.71 per gallon. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 29 2016
Texas Factory Sector Activity Deteriorates; Production Increases
The Federal Reserve Bank of Dallas indicated that its General Business Activity index declined to -6.2 this month from -1.3 in July. These figures represent improvement, however, from readings as low as -34.6 in January. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 29 2016
U.S. Personal Spending and Income Improve
Personal consumption expenditures increased 0.3% (3.8% y/y) during July following a 0.5% June rise, revised from 0.4%. The latest gain matched expectations in the Action Economics Forecast Survey. So far this year, spending has risen [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 26 2016
U.S. GDP Growth Lessened While Corporate Profits Increase
Economic growth during Q2'16 was revised lower to 1.1% (SAAR, 1.2% y/y) from the initial estimate of a 1.2% gain. The revision was accompanied by the first report of corporate earnings, which showed a 4.9% rise (-2.2% y/y), the second [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 25 2016
U.S. Initial Unemployment Insurance Applications Decline
Initial claims for unemployment insurance eased to 261,000 (-4.0% y/y) during the week ended August 20 following an unrevised decline to 262,000 claims in the prior week. It was the lowest level of claims in five weeks, and near the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 25 2016
U.S. Durable Goods Orders Increase Is Broad-Based
New orders for durable goods rose 4.4% during July (-3.3% y/y) following a 4.2% June decline, revised from -3.9%. A 3.3% increase had been expected in the Action Economics Forecast Survey. The rise in orders was led by a 10.5% jump [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 24 2016
U.S. FHFA House Price Index Loses Momentum
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose a modest 0.2% in June for the third consecutive month. While the y/y change of 5.6% was fairly steady, the three month gain of 2.7% (AR) was the softest since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 24 2016
U.S. Existing Home Sales and Prices Weaken Unexpectedly
Sales of existing homes declined 3.2% (-1.6% y/y) during July to 5.390 million units (AR) after an unrevised June rise to 5.570 million. The decline erased the increases during the prior three months. Expectations had been for 5.53 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2016
U.S. Petroleum Prices Increase
Regular gasoline prices averaged $2.19 per gallon (-16.8% y/y) last week following two weeks at $2.15, according to the U.S. Department of Energy. Prices were down versus a 2014 high of $3.71 per gallon. Haver Analytics constructs [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 23 2016
U.S. New Home Sales Surge While Prices Ease
Sales of new single-family homes increased 12.4% (31.3% y/y) to 654,000 (SAAR) during July from 582,000 in June, revised from 592,000. It was the highest level of sales since October 2007. Sales of 580,000 had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
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