The U.S. foreign trade deficit in goods and services during May grew to $41.9 billion from $40.7 billion in April, revised from $40.9 billion. A deficit of $42.0 billion had been expected in the Action Economics Forecast Survey. In [...]
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 07 2015U.S. Trade Deficit Deepens Slightly
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 06 2015
U.S. Light Vehicle Sales Trend Higher Despite a June Dip
Consumers have a strong interest in buying new vehicles these days, even though sales softened a bit in June. During the second quarter, sales rose to 17.15 million (AR), the highest level since Q3 2005. During June, however, sales of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 06 2015
U.S. Labor Market Conditions Index Remains Weak
The Labor Market Conditions Index from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, vacancies, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 06 2015
U.S. ISM Nonmanufacturing Index Improves
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business during June matched expectations and improved slightly to 56.0 from 55.7 in May. Nevertheless, the latest figure remained nearly the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2015
U.S. Initial Jobless Insurance Claims Nudge Higher
Initial unemployment insurance claims gained to 281,000 (-10.7% y/y) in the week ended June 27 from an unrevised 271,000 in the prior week. The four week moving average ticked up to 274,750, up slightly from the low in May. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2015
U.S. Payroll Employment and Earnings Gains Ease; Unemployment Rate Falls to Seven-Year Low
Nonfarm payroll employment during June increased 223,000 (2.1% y/y) following a downwardly revised 254,000 May rise. The latest increase fell short of expectations for 230,000 in the Action Economics Forecast Survey. Improvement in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2015
U.S. Payroll Employment and Earnings Gains Ease; Unemployment Rate Falls to Seven-Year Low
Nonfarm payroll employment during June increased 223,000 (2.1% y/y) following a downwardly revised 254,000 May rise. The latest increase fell short of expectations for 230,000 in the Action Economics Forecast Survey. Improvement in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2015
U.S. Light Vehicle Sales Backpedal; Trucks Share Improves
Total sales of light vehicles declined 3.5% during June to 17.16 million units (+1.5% y/y) following May's 7.8% jump to the highest level since July 2005. Auto sales declined 4.0% last month to 7.78 million units (-6.1 y/y) after [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2015
U.S. Construction Spending Growth Eases
The value of construction put-in-place increased 0.8% during May following a little-revised 2.1% April gain. Three-month growth of 18.1% (AR) was the strongest since mid-2012. A 0.3% May rise had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2015
Challenger Job Cut Announcements Improve
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during June increased to 44,842 (42.7% y/y) and added to May's unrevised increase of 41,034. Layoffs increased in aerospace/defense, chemicals, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2015
U.S. ISM Manufacturing Index Improves to Best Level Since January
Factory sector activity is strengthening. The Composite Index from the Institute for Supply Management (ISM) rose to 53.5 following an unrevised increase to 52.8 in May. It was the highest level in five months. Nevertheless, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2015
U.S. ADP: Payroll Rise Is Strongest This Year
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls improved 237,000 during June following a 203,000 May increase, revised from 201,000. The latest rise was the firmest since December and beat [...]
by:Tom Moeller
|in:Economy in Brief
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