Nonfarm output per hour declined 2.2% at an annual rate (+0.5% y/y) during Q4'15, revised from a -3.0% estimated last month. The shortfall followed a 2.0% Q3 increase. A 3.1% decline had been expected in the Action Economics Forecast [...]
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| Mar 03 2016
U.S. Productivity Decline Is Lessened
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2016
U.S. Initial Unemployment Insurance Claims Inch Higher
Initial claims for unemployment insurance claims increased to 278,000 during the week ended February 27 following an unrevised increase to 272,000 during the prior week. The four-week moving average slipped to 270,250 and remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2016
U.S. Light Vehicle Sales Remain Strong
Total sales of light vehicles during February eased 0.2% m/m to 17.54 million units (SAAR) from 17.58 million in January. The sizable 7.0% y/y increase continued to reflect the decline in gasoline prices, strong consumer confidence [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2016
U.S. Mortgage Loan Applications Dip; Rates Remain Lower
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 4.8% last week (+18.1% y/y), about as it did during the prior week. Nevertheless, applications rose nearly one-quarter last month versus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2016
U.S. ADP Reports Hiring Growth Improves
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 214,000 during February versus 193,000 in January, revised from 205,000. The latest gain was firmer than expectations for a 195,000 rise in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 01 2016
U.S. Construction Activity Increases Sharply
The value of construction put-in-place increased 1.5% during January (9.5% y/y) after a 0.6% December gain, revised from 0.1%. It was the strongest rise since May, and exceeded the 0.5% increase expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 01 2016
U.S. ISM Factory Index and Prices Improve
The ISM Composite Index of factory sector activity rose to 49.5, the highest level since September. It indicated a decline in factory sector activity for the fifth straight month, but exceeded expectations for 48.5 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 01 2016
U.S. Gasoline & Crude Oil Prices Move Higher
Petroleum prices stabilized last week following steady declines since the June highs. Regular gasoline averaged $1.78 per gallon last week (-27.9% y/y), up from $1.73 and the highest level since early in the month, according to the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 29 2016
Texas Factory Sector Activity Continues to Erode
The Federal Reserve Bank of Dallas indicated that industrial activity in the state deteriorated sharply this month. The measure of general business activity of -31.8 was up slightly from January, but still near the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 29 2016
Chicago Business Barometer Reverses Earlier Improvement
The Chicago Purchasing Managers indicated that its General Business Barometer retreated to 47.6 during February following a surge to 55.6 in January. The reading remained at the low end of the range during the last year. The ISM- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 29 2016
U.S. Pending Home Sales Fall Sharply
The National Association of Realtors (NAR) reported that pending sales of single-family homes declined 2.5% in January (+1.4% y/y) following December's revised 0.9% improvement, which was initially reported as 0.1%. The January sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 26 2016
U.S. Personal Spending, Income and Prices Accelerate
Personal consumption expenditures strengthened 0.5% during January (4.2% y/y) after a 0.1% uptick, revised from little-change. It was the strongest rise since May. A 0.3% increase had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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