The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during May fell sharply to 30,157 (-26.5% y/y) following April's increase to 64,141, revised down from 65,141. It was the lowest layoff level [...]
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| Jun 02 2016Challenger Survey Indicates Job Market Strengthening
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2016
U.S. Initial Claims for Unemployment Insurance Ease
Initial claims for unemployment insurance fell to 267,000, up 6.5% y/y, during the week ended May 28 versus an unrevised decline to 268,000 in the prior week. It was the third consecutive weekly shortfall, but it left the average so [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2016
U.S. ADP Report Shows Moderating Job Growth
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 173,000 during May following a 166,000 April rise, revised from 156,000. These gains compare to an average of 200,000 during Q1'16 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2016
U.S. Light Vehicle Sales Are Little Changed; Imports Share Jumps
Total sales of light vehicles during May edged 0.2% higher versus April (-1.4% y/y) to 17.45 million units (SAAR). Auto sales improved 0.8% to 7.12 million units (-11.3% y/y). The increase was led by a 1.1% rise (-11.7% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2016
U.S. Construction Activity Reverses Earlier Gain
Strength in building activity has waned recently. The value of construction put-in-place declined 1.8% during April (+4.5% y/y) following a 1.5% March rise, revised from 0.3%. February's 1.4% gain also was revised from 1.0%. A 0.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2016
Manufacturing ISM Index Reports Negligible Growth
The ISM Composite Index of manufacturing activity increased slightly to 51.3 during May following an unrevised April decline to 50.8. The index has hovered near the break-even level of 50 for four months, but last month beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2016
U.S. Gasoline Prices Rise With the Beginning of Summer
The busiest driving season has given rise to further strength in gasoline prices. Regular gasoline prices increased to $2.34 per gallon during Memorial Day week (-15.9% y/y) following the prior week's jump to $2.30, according to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2016
Chicago Purchasing Managers Index Declines Unexpectedly
Chicago purchasing managers reported that their Business Barometer Index fell to 49.3 this month following a decline to 50.4 in April. The latest reading disappointed expectations for 50.5 in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2016
U.S. Consumer Confidence Continues Lower
The Conference Board's Consumer Confidence Index during May declined 2.2% (-2.1% y/y) to 92.6 following a 1.5% April decrease to 94.7, revised from 94.2. The latest figure was the lowest in six months and disappointed expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2016
U.S. Personal Spending Strengthens; Income Remains Firm
Personal consumption expenditures during April jumped 1.0% (4.1% y/y) following no change in March, revised from 0.1%. The latest increase was the strongest since August 2009, and outpaced expectations for a 0.7% rise in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2016
U.S. GDP Growth Is Revised Slightly Higher; Corporate Profits Firm
Real economic growth last quarter was somewhat firmer than first indicated. GDP grew 0.8% (SAAR, 2.0% y/y) after an initially reported 0.5% gain. Nevertheless, it remained the weakest quarterly rise in a year. A lessened drag on [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2016
U.S. Durable Goods Orders' Strength Led by Civilian Aircraft; Capital Spending Weakens
New orders for durable goods jumped 3.4% during April (1.9% y/y) following a 1.9% March increase, revised from 0.8%. A 0.2% April gain had been expected in the Action Economics Forecast Survey. Data were revised back to 2001. A 64.9% [...]
by:Tom Moeller
|in:Economy in Brief
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