The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements rebounded to 51,183 (11.9% y/y) during October. Layoffs rose m/m in the computer, electronics, pharmaceutical, retail, financial, food, [...]
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| Nov 06 2014Challenger Job Cut Announcements Jump
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2014
U.S. Worker Productivity Remains Firm; Unit Labor Costs Rise Minimally
Nonfarm productivity increased at a 2.0% annual rate last quarter (0.9% y/y) following a 2.9% Q2 gain, revised from 2.5%. Real output increased at a 4.4% rate (3.0% y/y) while hours worked gained 2.3% (2.1% y/y). Compensation per hour [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2014
U.S. Initial Unemployment Insurance Claims Fall to Three-Week Low
Initial claims for jobless insurance during the week ended November 1st fell to 278,000 (-18.5% y/y) from 288,000, revised from 287,000. The Action Economics Forecast Survey expected 285,000 claims in the latest week. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2014
U.S. Mortgage Loan Applications Slip As Interest Rates Tick Higher
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index fell 2.6% last week (-20.0% y/y), the second week of decline. Applications to refinance an existing loan fell 5.5% (-23.7% y/y) following the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2014
U.S. ISM Nonmanufacturing Index Weakens to Lowest Point Since June
Nonmanufacturing activity eased for a second straight month in October. The Institute for Supply Management's (ISM) composite nonmanufacturing index declined to 57.1 from 58.6 in September. It was the lowest level since June. This [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2014
U.S. ADP Employment Increase Is Steady
The ADP/Moody's National Employment Report indicated that hiring continued last month at a moderate rate. Private sector employment grew 230,000 during October following a 225,000 September increase, revised from 213,000. The y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2014
U.S. Factory Sector Orders Decline With Fewer Aircraft
New orders to all manufacturers fell 0.6% (+1.9% y/y) during September following the 10.0% August retrenchment. A 0.5% decline was expected in the Action Economics Forecast Survey. A 1.1% shortfall (+3.5% y/y) in durable goods orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2014
U.S. Trade Deficit Deteriorates as Exports Fall
The U.S. foreign trade deficit in goods and services widened to $43.0 billion in September from a little-revised $40.0 billion in August. Expectations in the Action Economics Forecast Survey were for $40.0 billion. Exports fell 1.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2014
U.S. Gasoline Price Moves Below $3.00 per Gallon
The cost for a gallon of regular gasoline fell to $2.99 per gallon last week (-8.3% y/y) from $3.06 during the prior week. The latest was its least expensive price since December 2010. To account for seasonal patterns, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2014
U.S. Light Vehicle Sales Remain Firm
According to the Autodata Corporation, October sales of light vehicles held fairly steady at 16.46 million units (SAAR) versus 16.43 million in September. Sales were up 7.0% y/y. Auto sales in October improved 2.9% versus September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2014
U.S. Construction Spending Declines M/M As Forward Momentum Eases
The value of construction put-in-place edged 0.4% lower (+2.9% y/y) during September following a 0.5% August decline. The 0.3% July rise was revised sharply lower. Since May's peak, the value of construction spending has fallen 2.3%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2014
U.S. ISM Manufacturing Index Rebounds Unexpectedly; Prices Ease
The ISM Composite Index of Factory Sector Activity rebounded to 59.0 last month following an unrevised decline to 56.6 during September. The latest level matched its highest since March, 2011. Expectations in the Action Economic [...]
by:Tom Moeller
|in:Economy in Brief
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