Nonfarm payrolls increased 217,000 during May following little-revised gains of 282,000 and 203,000 during the prior two months. A 220,000 increase had been expected in the Action Economics Forecast Survey. The unemployment rate [...]
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 06 2014U.S. Payroll Increase Moderates; Jobless Rate is Stable at Six-Year Low
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2014
U.S. Challenger Job Cut Announcements Again Increase
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements rose to 52,961 (45.5% y/y) during May, the highest level since February 2013. Layoffs increased m/m in the chemical, computer, commodities, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2014
U.S. Initial Unemployment Insurance Claims Are Near 2007 Low
Initial claims for jobless insurance nudged up to an expected 312,000 in the week ended May 31 from 304,000 in the prior week, revised from 300,000. Despite the rise, claims remained near the 2007 low. The four-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2014
U.S. ISM Nonmanufacturing Index Works Higher
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved to 56.3 in May, its highest level in nine months. The latest figure beat expectations for 55.5 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2014
U.S. Trade Deficit Deepens; Shortfalls With China and Europe Widen Sharply
The U.S. foreign trade deficit during April surpassed expectations and rose sharply to $47.2 billion from $44.2 billion in March, last month reported as $40.4 billion. Exports declined 0.2% (+3.0% y/y following a revised 2.9% gain. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2014
U.S. ADP Employment Gain Moderates
The ADP/Moody's National Employment Report indicated a 179,000 rise (2.1% y/y) in May nonfarm private sector jobs. Last month's gain followed increases of 215,000 and 198,000 in April and March, revised down from 220,000 and 209,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2014
U.S. Vehicle Sales Surge
Auto buyers were out in force last month, lifting sales of light vehicles to the highest level since July 2006. According to the Autodata Corporation, unit sales of light vehicle sales during May increased 4.6% (8.3% y/y) to 16.77 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2014
U.S. Factory Sector Orders and Inventories Strengthen
New orders to all manufacturers increased 0.7% (4.9% y/y) during April following a 1.5% March advance, revised from 1.1%. A 0.6% rise was expected in the Action Economics Forecast Survey. The gain reflected a 0.6% rise (7.1% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2014
New York State Expected Business Conditions Index Recovers
For New York State, the Institute for Supply Management reported that their index for business conditions, six months hence, jumped to 69.7 during May after falling sharply to 58.8 in April. Despite the gain, the index remained below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2014
U.S. Gasoline Prices Tick Up; Crude Oil Slips
The price for a gallon of regular gasoline improved to $3.69 last week (0.8% y/y) versus $3.67 averaged during May. The price remained down, however, from the $3.78 per gallon peak reached in February of last year. To account for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2014
U.S. Construction Spending Growth is Modest
The value of construction put-in-place during April improved 0.2% (8.6% y/y) following a 0.6% March increase, revised from 0.2%. So far in 2014, the value of construction spending has risen 0.7%, a result held back by severe winter [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2014
U.S. ISM Index Recovers Earlier Weakness While Prices Strengthen
The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management improved to 55.4 during May from 54.9 in April. Due to technical difficulties at the ISM, this seasonally adjusted figure differs from the [...]
by:Tom Moeller
|in:Economy in Brief
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