Here's another sign of improvement in the U.S. labor market. The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that for all of last year the job openings rate improved to 2.8%, its highest [...]
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 11 2014U.S. JOLTS: Job Openings Rate is the Highest in 2013 Since 2007
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2014
U.S. Natural Gas Prices Reach Highest Level Since 2010
This winter's severely cold temperatures around the U.S. continued to strengthen natural gas prices. Last week's average of $6.39 per mmbtu nearly doubled last year's level and was the highest since January 2010. Yesterday, prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 11 2014
U.S. Small Businesses Optimism Nudges Higher
The National Federation of Independent Business reported that its Small Business Optimism Index improved to 94.1 during January from 93.9 in December. The latest figure remained down slightly from the May high of 94.4. For all of last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2014
U.S. Payroll Employment Growth Disappoints Again Though Jobless Rate Touches New Low
The figures referenced above are available in Haver's USECON database. Additional detail can be found in the LABOR and in the EMPL databases. The expectation figures are from Action Economics and are in the AS1REPNA database.
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2014
U.S. Consumer Credit Growth Perks Up
The Federal Reserve Board reported that consumer credit outstanding increased $18.8 billion (6.2% y/y) during December following a little revised $12.4 billion November gain. It was the largest monthly increase since February and left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2014
U.S. Payroll Employment Growth Disappoints Again Though Jobless Rate Touches New Low
Nonfarm payrolls grew 113,000 (1.7% y/y) during January following gains of 75,000 and 274,000 during the prior two months, initially reported as 74,000 and 241,000. The rise disappointed expectations for a 185,000 increase. Earlier [...]
by:Tom Moeller
|in:Economy in Brief
Nonfarm payrolls grew 113,000 (1.7% y/y) during January following gains of 75,000 and 274,000 during the prior two months, initially reported as 74,000 and 241,000. The rise disappointed expectations for a 185,000 increase. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2014
U.S. Worker Productivity Growth Is Steady and Firm
Nonfarm business sector productivity grew 3.2% last quarter (1.7% y/y) following its 3.6% Q3 rise. The gain beat the 2.5% expectation in the Action Economics survey. For all of last year productivity rose 0.6%, down from the 1.5% rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2014
Challenger Job Cut Announcements Increase While Hiring Plans Deteriorate
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements increased to 45,017 (11.6% y/y) during January and reversed the prior month's decline. Layoffs increased m/m the retail, financial, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2014
U.S. Trade Deficit Deepens in December, But Improves Overall in 2013
The U.S. foreign trade deficit deteriorated to $38.7 billion during December compared to a revised $34.6 billion in November, last month reported as $33.4 billion. A $36.0 billion deficit had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2014
U.S. Initial Claims for Unemployment Insurance Reverse Earlier Gains
Initial claims for unemployment insurance matched expectations and declined to 331,000 (-8.3% y/y) during the week ended February 1. That's versus 351,000 during the week prior, revised from 348,000. It was the first decline in three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2014
U.S. ISM Nonmanufacturing Index Recovers
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved during January to 54.0 and recovered December's decline. The latest figure roughly matched expectations for [...]
by:Tom Moeller
|in:Economy in Brief
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