Nonfarm payrolls grew 287,000 during June, a figure boosted as roughly 35,000 Verizon workers returned from strike. Employment increased 11,000 in May, revised from 38,000 and April's gain was revised to 144,000 from 123,000. [...]
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| Jul 08 2016
U.S. Payroll Gain Bounces Back
by:Tom Moeller
|in:Economy in Brief
Global| Jul 08 2016
U.S. Payroll Gain Bounces Back
Nonfarm payrolls grew 287,000 during June, a figure boosted as roughly 35,000 Verizon workers returned from strike. Employment increased 11,000 in May, revised from 38,000 and April's gain was revised to 144,000 from 123,000. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 07 2016
Challenger Survey Reports Slight Rise in Job Cuts
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during June rose to 38,536 (-14.1% y/y) following May's sharp decline to 30,157. Layoffs increased in the aerospace/defense, automotive, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 07 2016
U.S. Initial Unemployment Insurance Claims Approach April Low
Initial claims for unemployment insurance claims declined 16,000 to 254,000 (-12.0% y/y) during the week ended July 2 from 270,000 in the prior week, revised from 268,000. It was the lowest level since mid-April. The Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 07 2016
U.S. ADP Private Payrolls Increase Moderately
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 172,000 during June following a 168,000 May increase, revised from 173,000. During all of last quarter, payrolls rose an average 163,000 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2016
U.S. Mortgage Loan Applications Strengthen
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 14.2% last week (51.4% y/y) to the highest level since June 2013. Purchase applications increased 4.3% (10.5% y/y) while refinancing [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2016
U.S. Petroleum Prices Ease as Natural Gas Costs Increase Again
Regular gasoline prices fell to $2.29 per gallon last week (-18.0% y/y), down from $2.40 early last month, according to the U.S. Department of Energy. Nevertheless, prices remained near the highest level since early September. Prices [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2016
U.S. ISM Nonmanufacturing Index Unexpectedly Jumps to Seven-Month High
The Composite Index of Nonmanufacturing Sector Business Activity from the Institute for Supply Management (ISM) strengthened to 56.5 during June versus an unrevised 52.9 in May. It was the highest level since November. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 06 2016
U.S. Trade Deficit Deepens as Exports Ease and Imports Jump
The U.S. trade deficit in goods and services widened to $41.1 billion in May from an unrevised $37.4 billion in April. The Action Economics Forecast Survey had expected a $40.0 billion deficit. The latest figure was the deepest in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 05 2016
U.S. Factory Orders Backpedal in May
New orders to manufacturers declined 1.0% (-0.2% y/y) during May following a little-revised 1.8% April gain. A 0.9% decline had been expected in the Action Economics Forecast Survey. Durable goods orders fell 2.3%, which was roughly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 01 2016
U.S. Light Vehicle Sales Ease
Total sales of light vehicles during June declined 4.5% versus May (-2.0% y/y) to 16.66 million units (SAAR), the lowest level in three months. Auto sales fell 5.0% to 6.76 million units (-11.2% y/y). The decline reflected a 4.1% fall [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 01 2016
U.S. Construction Activity Declines Again
The value of construction put-in-place declined 0.8% (+2.8% y/y) during May following a 2.0% April drop, revised from -1.8%. A 0.7% increase was expected in the Action Economics Forecast Survey. Data back to 2014 were revised. [...]
by:Tom Moeller
|in:Economy in Brief
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