The Federal Reserve Bank of New York reported that its Empire State Factory Index of General Business Conditions for September slipped to 6.29 from an unrevised 8.24 in August. The latest figure fell short of expectations for 9.0 [...]
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| Sep 16 2013Empire State Factory Index Continues To Show Improvement
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2013
U.S. Payroll Employment Gain Moderates; Unemployment Rate Moves Lower
The labor market continues to firm, but its rate of improvement has toned down of late. Nonfarm payrolls rose 169,000 (1.6% y/y) during August following downwardly revised increases of 104,000 and 172,000 in the prior two months. A [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2013
Challenger Job Cut Announcements Rise Sharply
The outplacement firm of Challenger, Gray & Christmas reported that 50,462 job cuts (56.5% y/y) were announced during August, the highest level in six months. Job cuts surged in the industrial goods, computer, electronics, energy, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2013
U.S. ISM Nonmanufacturing Index Improves To Highest Level Since 2005
Activity in the nonmanufacturing sector really heated up last month. The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) surged to 58.6 during August from 56.0 in July. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2013
U.S. Initial Claims for Unemployment Insurance Continue Downward
Improvement in the labor market is coming from all quarters. Initial unemployment insurance claims fell to 323,000 (-12.2% y/y) during the week of August 31 from 332,000 in the week prior, initially reported as 331,000. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2013
U.S. ADP Survey Shows Continued Growth in Hiring
Employment growth remains steady. The ADP/Moody's National Employment Report showed a 176,000 rise (1.9% y/y) in non-farm private sector jobs last month. That followed revised increases of 198,000 and 191,000 during July and June. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2013
U.S. Vehicle Sales Rise To Six-Year High
Motor dealer showrooms were quite busy places last month. Unit sales of light motor vehicles gained 1.8% during August versus July to 16.09 million (SAAR) according to the Autodata Corporation. The latest sales level was the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2013
U.S. Energy Prices Move Up
The price for a gallon of regular gasoline rose six cents last week to $3.61 last week (-6.1% y/y). Prices remained down, however, from the $3.78 per gallon peak reached late in February. Haver Analytics constructs seasonal factors to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2013
U.S. Mortgage Interest Rates Back Away From Recent High
The Mortgage Bankers Association reported that recent upward pressure on mortgage interest rates eased last week. The effective interest rate on a 15-year mortgage slipped to 3.82% but remained near the highest level since July 2011. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2013
U.S. Trade Deficit Deepens Modestly; Reaches Record Depth With China
The U.S. foreign trade deficit deepened to $39.1 billion in July compared to a revised $34.5 billion in June, initially reported as $34.3 billion. A $38.6 billion deficit had been expected in the Action Economics survey. The 1.6% rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2013
U.S. Construction Spending Improves
The value of construction put-in-place gained 0.6% in July (5.2 y/y) following little change during June, initially reported as a 0.6% decline. Figures back through last year were revised upward. A 0.3% rise in building activity had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2013
U.S. ISM Factory Sector Index Continues to Firm
The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management improved to 55.7 during August from an unrevised 55.4 in July. The figure remained at the highest level since June 2011 and beat [...]
by:Tom Moeller
|in:Economy in Brief
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