Improvement in the labor market continues firm. Nonfarm payroll employment during February increased 295,000 (2.3% y/y) following a 239,000 January rise, revised from 257,000. The latest advance compared to expectations for 240,000 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
by:Tom Moeller
|in:Economy in Brief
Improvement in the labor market continues firm. Nonfarm payroll employment during February increased 295,000 (2.3% y/y) following a 239,000 January rise, revised from 257,000. The latest advance compared to expectations for 240,000 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 05 2015U.S. Factory Sector Orders Slip; Inventories Decline Again
New orders in the manufacturing sector slipped 0.2% (-2.3% y/y) following a little-revised 3.5% December decline. The fall was the sixth in as many months and roughly matched expectations in the Action Economics Forecast Survey for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2015
U.S. Worker Productivity Decline is Deepened thus Raising Unit Labor Costs
Nonfarm productivity slipped at a 2.2% annual rate last quarter, revised from -1.8%. The decline followed a 3.9% 3Q rise. For all of last year, worker productivity rose 0.7% on average. Real output increased at a downwardly revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2015
Challenger Job Cut Announcements Dip
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during February slipped to 50,579 (+20.9% y/y) following a jump to 53,041 in January. Layoffs fell m/m in the automotive, chemical, commodities, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2015
U.S. Initial Claims for Jobless Insurance Jump to Nine-Month High
Initial unemployment insurance claims moved up 320,000 during the week ended February 28 from an unrevised 313,000 in the prior week. It was the highest level of claims since the middle of May 2014. The four-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2015
U.S. Mortgage Loan Applications and Interest Rates Are Roughly Unchanged
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index ticked 0.1% higher last week (10.3% y/y). Applications are down 25.1% during the last six weeks. Refinance applications improved 0.5% (17.1% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2015
U.S. ISM Nonmanufacturing Index Improves; Employment Strengthens
The Institute for Supply Management (ISM) composite index of nonmanufacturing sector activity nudged higher to 56.9 during February from an unrevised 56.7 in January. Nevertheless, the latest numbers remained well below the highs of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2015
U.S. ADP: Job Growth Slowed in February; Earlier Figures Revised Higher
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 212,000 last month (2.5% y/y). January's gain of 250,000 was revised from 213,000 while December's increase of 275,000 was revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2015
U.S. Light Vehicle Sales Fall to Lowest Since April; Trucks Share is Trending Higher
Consumer's continue to shy away from auto dealerships. Sales of light vehicles declined 2.6% during February to 16.23 million (AR) from 16.66 million in January. It was the third straight month of decline. Sales have moved erratically [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2015
New York State Economic Conditions Recover but Prices Ease
The Institute for Supply Management reported that, for New York State, their February index of business conditions expected in six months increased to 71.7 and made up most of the prior month's decline. In addition, the reading for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2015
U.S. Gasoline Prices Reach Another High; Crude Oil Prices Decline
Gasoline prices continued upward by 14 cents last week to $2.47 per gallon (-28.9% y/y) following the prior week's 6 cent increase. Prices have risen 43 cents (21.0%) since the low 5 weeks ago. Despite the gains, prices remained well [...]
by:Tom Moeller
|in:Economy in Brief
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