The employment cost index for private industry workers surged 0.8% (2.1% y/y) in Q2'14, following an unrevised 0.3% rise in Q1. The increase was the largest since Q4 2007 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| Jul 31 2014U.S. Employment Cost Index Jumps in Q2
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2014
FOMC Sees Economic Rebound; Pares Back Bond Purchases Further
At today's meeting of the Federal Open Market Committee, the Fed indicated that the economy, consumer spending, business investment and job creation each had improved. It continued to note, however, significant labor market [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2014
U.S. ADP Employment Increase Throttles Back
Employment growth eased last month. The ADP/Moody's National Employment Report indicated a 218,000 rise (2.2% y/y) in July nonfarm private sector jobs. It followed an unrevised June increase of 281,000. During the last three months, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 30 2014
U.S. GDP Recovery is Surprisingly Brisk
The economic recovery returned to a firm footing last quarter. The advance GDP estimate indicated a 4.0% rate of growth during Q2. The gain follows a 2.1% Q1 decline, revised from -2.9% and depressed by weather, inventory & foreign [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2014
U.S. Consumer Confidence Improves to Highest Level Since October 2007
The Conference Board reported that their reading of consumer confidence improved 5.2% this month (12.2% y/y) to 90.9 from 86.4 in June, revised from 85.2. The latest figure beat expectations for 85.5 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2014
U.S. Consumer Confidence Improves to Highest Level Since October 2007
The Conference Board reported that their reading of consumer confidence improved 5.2% this month (12.2% y/y) to 90.9 from 86.4 in June, revised from 85.2. The latest figure beat expectations for 85.5 in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2014
U.S. Chain Store Sales Hold On To Earlier Gains
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales nudged 0.2% higher last week (4.6% y/y). So far in July sales have risen 3.5% from the June average which slipped 0.2% from May. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2014
U.S. Gasoline Prices Return to March Low
The price for a gallon of regular gasoline declined another five cents last week to $3.54 (-2.9% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2014
Dallas Fed Factory Sector Indexes Improve; Outlook is Mixed
The Federal Reserve Bank of Dallas reported that its July Composite index covering Texas factory sector activity improved to 12.7 from 11.4 in June. The latest figure was the highest since last September. The rise was driven by a jump [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2014
U.S. Pending Home Sales Backpedal But Remain Firm
Pending sales of single-family homes fell 1.1% (-7.2% y/y) during June, according the National Association of Realtors (NAR), following a little-revised 6.0% May increase. The June figure compared to consensus expectations for a 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2014
U.S. Pending Home Sales Backpedal But Remain Firm
Pending sales of single-family homes fell 1.1% (-7.2% y/y) during June, according the National Association of Realtors (NAR), following a little-revised 6.0% May increase. The latest figure remained 7.3% lower than the high reached [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2014
U.S. Durable Goods Orders Recover M/M as Bookings for Capital Goods Jump
New orders for durable goods improved 0.7% (-1.6% y/y) during June and reversed most of an unrevised 1.0% May decline. The increase roughly matched expectations in the Action Economics Forecast Survey. A 1.8% rebound (-10.4% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
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