Nonfarm output per hour declined 3.0% at an annual rate (+0.3% y/y) during Q4'15 following a 2.1% Q3 increase. A 1.8% decline had been expected in the Action Economics Forecast Survey. It was the third decline in the last five [...]
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| Feb 04 2016
U.S. Productivity Decline Lifts Unit Labor Costs
by:Tom Moeller
|in:Economy in Brief
Global| Feb 04 2016
U.S. Initial Unemployment Insurance Claims Move Higher
Initial claims for jobless insurance increased to 285,000 during the week ended January 30 from 277,000 in the prior week, revised from 278,000. The four-week moving average increased to 284,750, up slightly versus late last year. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 03 2016
U.S. ISM Nonmanufacturing Index Declines Sharply, Nearing 2014 Low
The Composite Index of Nonmanufacturing Sector Business from the Institute for Supply Management (ISM) declined to 53.5 during January from an upwardly revised 55.8 in December. It was the lowest level since February 2014. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 03 2016
U.S. ADP Reports Moderate Increase in Hiring
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 205,000 during January following a 267,000 December increase, revised from 257,000. The latest gain was firmer than expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2016
U.S. Gasoline Prices Weaken To 2009 Low
Gasoline prices continued to decline last week and reached a nine year low. The pump price for a gallon of regular gasoline fell to an average $1.82 (-11.9% y/y), down from $1.86 in the prior week, according to the U.S. Department of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2016
U.S. Light Vehicle Sales Edge Higher
Total sales of light vehicles during January improved 1.4% m/m to 17.58 million units (SAAR) from 17.34 million in December. The 5.2% y/y increase was prompted by the decline in gasoline prices, strong consumer confidence and low [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 02 2016
U.S. Gasoline Prices Weaken to 2009 Low
Gasoline prices continued to decline last week and reached a nine year low. The pump price for a gallon of regular gasoline fell to an average $1.82 (-11.9% y/y), down from $1.86 in the prior week, according to the U.S. Department of [...]
by:Tom Moeller
|in:Economy in Brief
The value of construction put-in-place improved 0.1% (8.0% y/y) during December following a 0.6% November decline, revised from -0.4%. For all of last year, construction activity strengthened 10.5% versus a 9.6% gain in 2014. A 0.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2016
U.S. ISM Factory Index Contracts Again
Activity in the factory sector continued to contract in January for the fourth consecutive month. The ISM Composite Index of factory sector activity of 48.2 compared to 48.0 in December, revised from 48.2. The reading roughly equaled [...]
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2016
U.S. Personal Spending Holds Steady Despite Income Increase
Personal consumption expenditures were little changed during December (3.2% y/y) following a revised 0.5% November increase, initially reported as 0.3%. A 0.1% rise had been expected in the Action Economics Forecast Survey. When [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2016
Chicago Business Barometer Posts Sharp Rebound
The Chicago Purchasing Managers report indicated that its General Business Barometer surged to 55.6 in January from 42.9 in December, and more than made up the declines during the prior two months. The index level was the highest in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2016
U.S. Employment Cost Index Remains Firm
The employment cost index for civilian workers increased 0.6% (2.0% y/y) during Q4'15, as expected in the Action Economics Forecast Survey. Wages increased 0.6% (2.1% y/y) for a second month and benefits rose 0.7% (1.8% y/y). The [...]
by:Tom Moeller
|in:Economy in Brief
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