The Labor Market Condition Index (LMCI), from the Federal Reserve Board, provides a broad-based measure of the U.S. job market. Through December, it showed tightening conditions. During the winter, however, indications of slack [...]
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 08 2015Fed Indicates Labor Market Conditions Tighten Slightly
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2015
NABE Retains Forecast for Improved Growth and Higher Inflation
The National Association for Business Economics forecast of 2.9% growth in U.S. real economic activity in 2016 was unrevised from expectations posted three months ago. Expected growth of 2.4% this year was, however, lowered from 3.1%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2015
U.S. Consumer Borrowing Remains Firm
Consumer credit outstanding increased $20.5 billion in April following a $21.3 billion rise during March, initially reported as $20.5 billion. These increases remained the strongest since last July. Expectations were for a $16.0 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2015
U.S. Job Growth is Unexpectedly Firm; Unemployment Rate Ticks Higher
Nonfarm payroll employment during May increased 280,000 (2.2% y/y) following a downwardly revised 221,000 April rise. The latest increase outpaced expectations for 220,000 in the Action Economics Forecast Survey. Improvement in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2015
U.S. Job Growth is Unexpectedly Firm; Unemployment Rate Ticks Higher
Nonfarm payroll employment during May increased 280,000 (2.2% y/y) following a downwardly revised 221,000 April rise. The latest increase outpaced expectations for 220,000 in the Action Economics Forecast Survey. Improvement in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2015
U.S. Worker Productivity Decline is Deepened
Nonfarm productivity fell at a 3.1% annual rate during Q1 2015, revised from the initial report of a 1.9% fall. The decline followed a 2.1% retreat during the prior quarter. Harsh winter weather and the strike at West coast ports [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2015
Challenger Job Cut Announcements Pull Back
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during May fell to 41,034 (-22.5% y/y) and reversed part of April's unrevised increase to 61,582. Layoffs declined in the energy, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2015
U.S. Initial Unemployment Insurance Claims Meander Lower
Initial claims for unemployment insurance claims fell to 276,000 during the week ended May 30 following a rise to 284,000 in the prior week, initially reported as 282,000. The four week moving average rose to 274,750, the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2015
U.S. Mortgage Loan Applications Decline; Rates Are Stable
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 7.6% last week (+6.2% y/y), down for the sixth straight week. Refinance applications retrenched 11.5% (-1.2% y/y) to the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2015
U.S. ISM Nonmanufacturing Index Deteriorates Sharply
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business declined to 55.7 during May from an unrevised 57.8 in April. The latest figure was the lowest since April of last year and fell short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2015
U.S. Trade Deficit Narrows; Business Returns to Normal on the West Coast
The U.S. foreign trade deficit in goods and services narrowed to $40.9 billion during April following a surge to $50.6 billion in March, revised from $51.4 billion. A deficit of $44.1 billion had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2015
U.S. ADP: Job Growth Is Improving
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 201,000 during May following a 165,000 April increase, revised from 169,000. The latest rise was the firmest since January and beat [...]
by:Tom Moeller
|in:Economy in Brief
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