Employment growth is having difficulty improving versus past gains. The ADP/Moody's National Employment Report showed a 166,000 rise (1.9% y/y) in non-farm private sector jobs last month. That followed downwardly revised increases of [...]
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| Oct 02 2013
U.S. ADP Survey Indicates Slightly Disappointing Job Gains
by:Tom Moeller
|in:Economy in Brief
Global| Oct 02 2013
U.S. Mortgage Applications Remain Higher
The Mortgage Bankers Association reported that the total mortgage market index were roughly unchanged (-55.9% y/y) last week. Applications to refinance an existing loan gained 3.1%, up by roughly one-quarter from the early-September [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 01 2013
U.S. Vehicle Sales Back Away From Recent High
Vehicle sales gave back some of their earlier strength last month. Unit sales of light motor vehicles fell 5.1% (+3.4% y/y) during September versus August to 15.28 million (SAAR) according to the Autodata Corporation. The latest sales [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 01 2013
U.S. Chain Store Sales Stabilize, but ...
Despite stability last week, chain store sales remain depressed. The International Council of Shopping Centers and Goldman Sachs reported that chain store sales ticked up 0.2% last week (+2.1% y/y). For all of this month, however, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 01 2013
U.S. ISM Index Shows Further Improvement in Manufacturing Sector Activity
The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management rose to 56.2 during September from an unrevised 55.7 in August. The latest reading was the highest level since April 2011. It beat [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 01 2013
U.S. Energy Prices Remain Under Downward Pressure
Rising inventories combined with weaker demand is a prescription for falling prices, and that's certainly been the case of late within the energy sector. The price of regular gasoline declined another 7 cents last week to $3.43 per [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2013
MNI Chicago Index Shows Factory Sector Improvement
The MNI Chicago Report business barometer improved this month to 55.7, its highest level since May. Expectations were for 54.0. Haver Analytics constructs a seasonally adjusted figure comparable to the MNI Barometer and it rose to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 27 2013
U.S. Consumer Sentiment Remains Depressed
Consumer sentiment from the Reuters/University of Michigan survey fell sharply this month to 77.5 (-1.0% y/y) from 82.1 during August. Consensus expectations had been for stability at 82.0. The mid-month sentiment reading was 76.8. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 27 2013
U.S. Personal Income Gain Leads Personal Consumption Higher
The consumer earned more money last month, and spent it. Personal income in August matched expectations and increased 0.4% (3.7% y/y) following a 0.2% July rise, revised from 0.1%. An improved 0.4% increase (3.5% y/y) in wage & [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2013
U.S. Pending Home Sales Continue To Decline
The National Association of Realtors (NAR) reported that August pending sales of single-family homes declined 1.6% m/m, down for the third straight month. Despite the loss of forward momentum, sales were at the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2013
U.S. GDP Growth Is Unrevised
The third estimate of U.S. economic growth last quarter of 2.5% (AR, 1.6% y/y) was the same as last month's figure. The rise was near the expected 2.6% gain in the Action Economics Forecast Survey. Nevertheless, the figure represented [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 26 2013
U.S. Initial Claims for Jobless Benefits Unexpectedly Move Lower
Labor market improvement is continuing in full swing. Initial claims for unemployment insurance fell to 305,000 during the week ended September 21 from 310,000 in the prior week, revised from 309,000. Expectations had been for an [...]
by:Tom Moeller
|in:Economy in Brief
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