The employment cost index for private industry workers jumped 0.7% (2.3% y/y) in Q3'14, following an unrevised 0.8% Q2 rise. These increases were the largest since Q4'07 and surpassed expectations for a 0.5% rise in the Action [...]
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| Oct 31 2014U.S. Employment Cost Index Strengthens
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 31 2014
U.S. Consumer Spending Declines as Disposable Income Growth Subsides
Personal consumption expenditures fell 0.2% during September (+3.5% y/y) following an unrevised 0.5% August improvement. A 0.1% uptick had been expected in the Action Economics Forecast Survey. A 5.3% decline (+9.6% y/y) in motor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2014
U.S. Initial Claims for Jobless Insurance Tick Higher
Initial claims for unemployment insurance during the week ended October 25 rose to 287,000 (-17.1% y/y) from 284,000, revised from 283,000. The Action Economics Forecast Survey expected 281,000 claims in the latest week. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2014
U.S. GDP Growth in Q3 Is Stronger Than Expected
GDP grew 3.5% last quarter (2.3% y/y) following an unrevised 4.6% rise. The gain exceeded expectations for 3.0% growth in the Action Economics Forecast Survey. Last quarter's strength was due to trade deficit improvement and firm [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 30 2014
U.S. GDP Growth in Q3 Is Stronger Than Expected
GDP grew 3.5% last quarter (2.3% y/y) following an unrevised 4.6% rise. The gain exceeded expectations for 3.0% growth in the Action Economics Forecast Survey. Last quarter's strength was due to trade deficit improvement and firm [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2014
U.S. Mortgage Loan Applications Pull Back
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 6.6% last week (-20.2% y/y) following three week's of improvement. Applications to refinance an existing loan fell 7.4% (-22.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2014
U.S. Mortgage Loan Applications Pull Back
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 6.6% last week (-20.2% y/y) following three week's of improvement. Applications to refinance an existing loan fell 7.4% (-22.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2014
FOMC Ends QE As Economy Improves & Inflation Remains Low
At today's meeting of the Federal Open Market Committee, the Fed indicated that labor market improvement, moderate growth in household spending and positive business investment growth allowed for ending its asset purchase program, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2014
U.S. Mortgage Loan Applications Pull Back
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index declined 6.6% last week (-20.2% y/y) following three week's of improvement. Applications to refinance an existing loan fell 7.4% (-22.4% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2014
U.S. Consumer Confidence Jumps With Youthful Exuberance
The Conference Board reported that their reading of consumer confidence surged to 94.5 this month (30.5% y/y) from 89.0 in September, revised from 86.0. The latest figure was the highest since October 2007 and easily surpassed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2014
U.S. Energy Prices Continue to Tumble
The cost of a gallon of regular gasoline fell to $3.060 per gallon last week (-7.2% y/y) from $3.12 during the prior week, its least expensive price since December 2010. To account for seasonal patterns, Haver Analytics constructs [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2014
U.S. Durable Goods Orders Retreat Further
New orders for durable goods declined 1.3% during September (+3.3% y/y) following a little-revised 18.3% August slump. The decline disappointed expectations for a 0.7% rise in the Action Economics Forecast Survey. It was exacerbated [...]
by:Tom Moeller
|in:Economy in Brief
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