Job market improvement remains on a steady, if moderate, growth track. Nonfarm payroll employment grew 203,000 (1.7% y/y) during November following slightly revised gains of 200,000 and 175,000 during the prior two months. The rise [...]
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| Dec 06 2013U.S. Payroll Employment Gain is Steady; Unemployment Rate Falls To Lowest Level Since 2008
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2013
U.S. Payroll Employment Gain Steady; Unemployment Rate Lowest Since 2008
Job market improvement remains on a steady, if moderate, growth track. Nonfarm payroll employment grew 203,000 (1.7% y/y) during November following slightly revised gains of 200,000 and 175,000 during the prior two months. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2013
Challenger Job Cut Announcements Slip
The outplacement firm of Challenger, Gray & Christmas reported that 45,314 job cuts (-20.6% y/y) were announced during November, roughly constant with October. Layoffs rose in the energy, entertainment/leisure, food, industrial goods, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2013
U.S. Initial Claims for Unemployment Insurance Near 2007 Low
The rate of labor market improvement is strengthening. Initial claims for unemployment insurance fell to 298,000 last week (-19.5% y/y) following an unrevised 316,000 during the week ended November 23. It was nearly the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2013
U.S. GDP Growth Boosted By More Inventory Accumulation
A rising level of inventories accompanied by modest final demand was the theme of last quarter's improved economic growth. Real GDP growth for Q3'13 was revised up to 3.6% (1.8% y/y) from 2.8%. Growth was the firmest since Q1'12 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2013
U.S. GDP Growth Boosted By More Inventory Accumulation
A rising level of inventories accompanied by modest final demand was the theme of last quarter's improved economic growth. Real GDP growth for Q3'13 was revised up to 3.6% (1.8% y/y) from 2.8%. Growth was the firmest since Q1'12 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2013
U.S. ADP Jobs Survey Unexpectedly Strengthens
Job growth recovered last month. The ADP/Moody's National Employment Report indicated a 215,000 rise (1.9% y/y) in non-farm private sector jobs during November, the firmest increase in a year. Consensus expectations were for a 175,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2013
U.S. ISM Nonmanufacturing Index Falls Sharply
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) declined sharply during November to 53.9 after an increase to 55.4 in October. The latest was the lowest level since June and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2013
U.S. New Home Sales Surge as Prices Plummet
New home sales during October jumped 25.4% to 444,000 following a 6.6% September decline. These figures were released jointly due to the federal government shutdown. The latest figure compared to expectations for 435,000 sales in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2013
U.S. Trade Deficit Shrinks As Exports Strengthen
The U.S. foreign trade deficit improved to $40.6 billion compared to a revised $43.0 billion in September, last month reported as $41.8 billion. A $40.1 billion deficit had been expected in the Action Economics survey. Exports jumped [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2013
U.S. ADP Jobs Survey Unexpectedly Strengthens
Job growth recovered last month. The ADP/Moody's National Employment Report indicated a 215,000 rise (1.9% y/y) in nonfarm private sector jobs during November, the firmest increase in a year. Consensus expectations were for a 175,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2013
U.S. Vehicle Sales Surge to Seven-Year High
Car & truck dealerships were a busy place during November. Unit sales of light motor vehicles jumped 7.7% (7.1% y/y) versus October to 16.41 million (SAAR), according to the Autodata Corporation. The latest level of sales was the [...]
by:Tom Moeller
|in:Economy in Brief
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