Nonfarm payrolls grew 192,000 during March following a 197,000 February increase, initially reported as 175,000. The rise roughly matched expectations for a 195,000 increase in the Action Economics Forecast Survey. The unemployment [...]
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| Apr 04 2014U.S. Payroll Employment Gain is Steady and Firm; Jobless Rate Unchanged
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2014
U.S. Payroll Employment Gain is Steady and Firm; Jobless Rate is Unchanged
Nonfarm payrolls grew 192,000 during March following a 197,000 February increase, initially reported as 175,000. The rise roughly matched expectations for a 195,000 increase in the Action Economics Forecast Survey. The unemployment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2014
Challenger Job Cut Announcements Decline to Three-Month Low
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements declined to 34,399 (-30.2% y/y) during March, the lowest level since December. Layoffs fell m/m in the financial, food, telecommunications, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2014
U.S. ISM Nonmanufacturing Index Recovers
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) bounced up last month to 53.1 after a sharp February decline to 51.6. The latest figure roughly matched expectations for 53.2 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2014
U.S. Initial Claims for Jobless Insurance Move Higher
Initial claims for unemployment insurance rebounded to 326,000 during the week ended March 29 from a little-revised 310,000 in the prior week. Expectations had been for 317,000 claims in the Action Economics Forecast Survey. The four- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2014
U.S. Trade Deficit Deepens Unexpectedly but Deficit With China Narrows Significantly
The U.S. foreign trade deficit of $42.3 billion in February compared to $39.3 billion in January, last month reported as $39.1 billion. A $39.0 billion deficit had been expected in the Action Economics Forecast Survey. The deficit's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2014
U.S. Factory Inventories Rise With Transportation Sector Strength
Inventories in the factory sector increased 0.7% (2.5% y/y). Transportation equipment inventories gained 1.6% (9.2% y/y) while excluding transportation, inventories rose 0.4% (1.0% y/y). Furniture inventories increased 0.8% (0.3% [...]
by:Tom Moeller
|in:Economy in Brief
The Mortgage Bankers Association reported that their total mortgage market index fell 1.2% last week (-54.9% y/y) following an unrevised 3.5% drop during the prior week. It was the third decline in the last four weeks and applications [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2014
U.S. ADP Hiring Total Picks Up, Led by Services
The ADP/Moody's National Employment Report reported a 191,000 rise (2.0% y/y) in nonfarm private sector jobs during March. Expectations were for a 189,000 increase in the Action Economics Forecast Survey. Last month's rise followed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2014
U.S. Vehicle Sales Reach Expansion High
According to the Autodata Corporation, unit sales of light vehicle sales during March rose 7.1% y/y to 16.40 million (SAAR), roughly the highest level since February 2007. On a month-to-month basis, sales improved 6.9%. Sales of light [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2014
U.S. Construction Spending Growth Pulled Down by Severe Winter Weather
The value of construction put-in-place eked out a 0.1% rise (8.7% y/y) during February following a revised 0.2% January slip, initially reported as a 0.1% gain. Recently weak performance lowered three-month growth in construction to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 01 2014
U.S. ISM Index Gains to Three-Month High
Moderate improvement in manufacturing sector activity continued last month following a harsh winter. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management improved to 53.7 during March from an [...]
by:Tom Moeller
|in:Economy in Brief
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