The value of construction put-in-place ticked 0.1% higher in December (5.3% y/y) following a revised 0.8% November increase, initially reported as 1.0%. No change in building activity had been expected in the Action Economics [...]
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| Feb 03 2014
U.S. Construction Spending Growth Moderates
by:Tom Moeller
|in:Economy in Brief
Global| Feb 03 2014
U.S. ISM Index Plunges Under Heavy Weather
Widespread snowstorms in the U.S. helped limit factory operations last month. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management dropped sharply to 51.3 during January from a revised 56.5 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014
U.S. Consumer Sentiment Declines
The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014
U.S. Consumer Sentiment Declines
The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014
U.S. Employment Cost Index Includes Strength in Wages & Salaries
The employment cost index for private industry workers increased 0.5% (2.0% y/y) in Q4'13, following an unrevised 0.4% rise in Q3. For all of last year the index rose 1.9%. Wages & salaries of private industry workers gained 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2014
U.S. Consumer Spending Continues To Drain Savings
Personal consumption expenditures increased 0.4% (3.6% y/y) last month following an upwardly revised 0.6% November gain. A 0.2% rise had been expected in the Action Economics forecast survey. During all of 2013, spending rose 3.1% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2014
U.S. Pending Home Sales Hit By Winter Storms
The National Association of Realtors (NAR) reported that December pending sales of single-family homes plunged 8.7% m/m following a 0.3% slip in November, revised from a 0.2 rise. It was the seventh consecutive month of decline. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2014
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 348,000 (-7.0% y/y) during the week ended January 25 from 329,000 during the week prior, revised from 326,000. It was the highest level of claims since the second week of December. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2014
U.S. GDP Growth Moderates in Q4 and in 2013
Real GDP growth for Q4'13 eased to 3.2% (2.7% y/y) from 4.1% during the third quarter. The gain roughly matched consensus expectations for a 3.3% rise in the Action Economics survey. For all of last year growth also moderated to 1.9%, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 30 2014
U.S. GDP Growth Moderates in Q4 and in 2013
Real GDP growth for Q4'13 eased to 3.2% (2.7% y/y) from 4.1% during the third quarter. The gain roughly matched consensus expectations for a 3.3% rise in the Action Economics survey. For all of last year growth also moderated to 1.9%, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2014
FOMC Pares Back the Rate of Liquidity Provision
At today's meeting of the Federal Open Market Committee, the Fed "decided to make a further measured reduction in the pace of its asset purchases. Beginning in February, the Committee will add to its holdings of agency mortgage-backed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 29 2014
Unemployment Rates Decline Across the U.S.
The overall U.S. rate of unemployment of 6.7% last month was its lowest since October 2008. Improvement was registered across the country and gained momentum in many states. While the country's overall jobless rate is down 2.2 [...]
by:Tom Moeller
|in:Economy in Brief
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