Orders to all manufacturers fell 0.7% (+2.0% y/y) during January following a 2.0% December decline, revised from -1.5%. Consensus expectations had been for a 0.3% slip. Last month's decline reflected an unrevised 1.0% drop (+4.6% y/y) [...]
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| Mar 06 2014U.S. Factory Orders Move Lower as Inventories Rise
by:Tom Moeller
|in:Economy in Brief
Global| Mar 06 2014Challenger Job Cut Announcements Slip While Hiring Plans Improve
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements edged down slightly to 41,835 (-24.4% y/y) during February but only dented the prior month's jump. Layoffs declined m/m in the retail, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 06 2014U.S. Initial Claims for Jobless Insurance Move Lower
The labor market continues to show erratic improvement. Initial claims for unemployment insurance fell to 323,000 in the week ended March 1 from 349,000 in the prior week, initially reported as 348,000. The latest level was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 05 2014U.S. ADP Job Growth is Constrained
The ADP/Moody's National Employment Report indicated a 139,000 rise (1.9% y/y) in nonfarm private sector jobs during February. Expectations were for a 157,000 gain in the Action Economics Forecast Survey. Last month's rise followed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 05 2014U.S. ISM Nonmanufacturing Index Drops to Four Year Low
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) plunged last month to 51.6, the lowest reading since February 2010. The latest figure fell short of expectations for 53.2 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 05 2014U.S. Mortgage Loan Applications Stabilize
The Mortgage Bankers Association indicated that their total mortgage market index increased 9.4% last week (-55.9% y/y) following three successive weeks of sharp decline. Applications to purchase a home rebounded 9.4% (-19.1% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 05 2014U.S. ADP Job Growth is Constrained By Bad Weather
The ADP/Moody's National Employment Report indicated a 139,000 rise (1.9% y/y) in nonfarm private sector jobs during February. Expectations were for a 157,000 gain in the Action Economics Forecast Survey. Last month's rise followed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 04 2014U.S. Personal Income, Outlays & Savings Firm
Personal consumption expenditures matched expectations and edged 0.1% higher (3.5% y/y) after a 0.1% December uptick. Late-2013 outlay levels were revised sharply lower. Motor vehicle purchases slipped 0.1% (-0.3% y/y) after a hefty [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 04 2014New York State Expected Business Conditions Improve Sharply
The Institute for Supply Management reported that expectations for business conditions in New York State improved last month to the highest level since October 2010. The diffusion index level rose to 76.3 from 70.0 in January. (A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 04 2014U.S. Chain Store Sales Continue To Lose Momentum
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales inched up 0.3% (1.6% y/y) last week and made up half of the prior week's decline. The rise left sales up 1.5% versus last year, roughly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 04 2014U.S. Gasoline Prices Continue Upward; Natural Gas Prices Decline
The price for a gallon of regular gasoline increased to $3.48 (-7.4% y/y) last week, up nineteen cents from the low four weeks ago. Nevertheless, prices remained below the $3.78 per gallon peak reached in February of last year. Haver [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2014U.S. Vehicle Sales Remain Under Pressure
Frigid temperatures may be continuing to discourage car buying. Unit sales of light motor vehicles edged up a scant 0.7% to 15.34 million (SAAR) during February, unchanged year-to-year according to the Autodata Corporation. Sales have [...]
by:Tom Moeller
|in:Economy in Brief
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