The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the October job openings rate held m/m at 2.8%. That nevertheless was up from 2.6% twelve months earlier The job openings rate is the [...]
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 10 2013U.S. JOLTS: Job Openings Rate Holds Steady But Hires Slip
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Gasoline Prices Are Stable But Crude Oil Costs Rise
The price for a gallon of regular gasoline prices held at $3.27 (-2.4% y/y) last week. Still, prices were down 13.5% versus the $3.78 per gallon peak reached late in February. Much of the decline reflects less driving this time of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Small Businesses Lack Enthusiasm Near Yearend
The National Federation of Independent Business reported that its Small Business Optimism Index rose to 92.5 during November. That recouped, however, just a piece of its sharp October decline to an unrevised 91.6. The latest figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2013
U.S. Small Businesses Lack Enthusiasm Near Yearend
The National Federation of Independent Business reported that its Small Business Optimism Index rose to 92.5 during November. That recouped, however, just a piece of its sharp October decline to an unrevised 91.6. The latest figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 09 2013
NABE Forecast Indicates Continued Economic Expansion
The National Association for Business Economics held the median estimate for real GDP growth fairly constant at 2.8% for 2014 versus the 2.9% forecast in its May survey. That follows a lowered 1.6% growth projection for this year. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2013
U.S. Consumer Credit Growth Remains Strong
Consumer credit outstanding increased by $18.2 billion (6.3% y/y) during October following a $16.3 billion September rise, revised from $13.7 billion. Expectations had been for a $13.9 billion increase, according to the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2013
U.S. Consumer Sentiment Strengthens
Consumers are feeling better about things. The index of consumer sentiment from the Reuters/University of Michigan survey jumped to 82.5 early this month from 75.1 during November. That recovered the declines since the July peak and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2013
U.S. Payroll Employment Gain is Steady; Unemployment Rate Falls To Lowest Level 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 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
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