The job market remained on firm footing during July. Nonfarm payroll employment grew 255,000 (1.7% y/y) following upwardly revised gains of 292,000 and 24,000 during the prior two months. A 180,000 increase had been expected in the [...]
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 05 2016
U.S. Payroll Growth is Surprisingly Strong
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2016
U.S. Consumer Credit Usage Softens to Four Year Low
Consumer credit outstanding increased $12.3 billion during June following a $17.9 billion May gain, revised from $18.6 billion. The 4.1% m/m increase was the smallest since July 2012. A $15.0 billion increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2016
U.S. Payroll Growth Is Surprisingly Strong
The job market remained on firm footing during July. Nonfarm payroll employment grew 255,000 (1.7% y/y) following upwardly revised gains of 292,000 and 24,000 during the prior two months. A 180,000 increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2016
U.S. Payroll Growth Is Surprisingly Strong
The job market remained on firm footing during July. Nonfarm payroll employment grew 255,000 (1.7% y/y) following upwardly revised gains of 292,000 and 24,000 during the prior two months. A 180,000 increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2016
U.S. Factory Orders Decline Further in June, but Shipments Rise
New orders to manufacturers declined 1.5% (-5.6 y/y) during June following a little-revised 1.2% May fall. A 1.7% decline had been expected in the Action Economics Forecast Survey. Durable goods orders fell 3.9%, the same as in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2016
Challenger Survey Reports Another Increase in Job Cuts
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during July rose to 45,346 (-57.1% y/y) following June's increase to 38,536. Layoffs increased in the aerospace/defense, commodities, computer, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2016
U.S. Initial Claims for Jobless Insurance Inch Higher
Initial unemployment insurance claims increased to 269,000 (-1.8% y/y) during the week ended July 30 from an unrevised 266,000 in the prior week. Claims remained near the lowest level since 1973. The four-week moving average rose to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2016
U.S. Mortgage Loan Applications Decline Again
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 3.5% (+32.6% y/y) last week following an 11.2% decline. Purchase applications were off 2.4% (+6.0% y/y), down sharply for the third straight [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2016
U.S. ISM Nonmanufacturing Index Dips
The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) eased to 55.5 during July after jumping to 56.5 in June. Expectations had been for 56.0 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2016
U.S. ADP Private Payrolls Continue Steady Improvement
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 179,000 (1.9% y/y) during July following a 176,000 June gain, revised from 172,000. So far this year, payrolls rose an average 184,000 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 02 2016
U.S. Light Vehicle Sales Rebound
Total sales of light vehicles during July jumped 6.8% versus June (1.7% y/y) to 17.88 million units (SAAR). Sales had declined in four of the prior five months, and the latest level was the highest level since November 2015. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 02 2016
U.S. Petroleum Prices Move Lower
Regular gasoline prices averaged $2.16 per gallon last week (-19.7% y/y), down two cents from the week earlier. Prices were 24 cents lower than early last month, according to the U.S. Department of Energy. Prices were down versus a [...]
by:Tom Moeller
|in:Economy in Brief
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