Job growth has ratcheted down. The ADP/Moody's National Employment Report indicated a 130,000 rise (1.8% y/y) in non-farm private sector jobs during October, the weakest gain in six months. It 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 30 2013U.S. ADP Survey Indicates Slowing Employment Growth
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2013
U.S. Consumer Confidence Deteriorates Amongst Young and Old Alike
The Conference Board's Consumer Confidence Index fell to 71.2 this month versus 80.2 during September, last month reported as 79.7. The level of the confidence index peaked at 82.1 in June. Consensus expectations were for a decline to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2013
U.S. Case-Shiller Home Price Index Increase Is the Strongest Since 2006
The 0.9% August gain in the seasonally adjusted Case-Shiller 20 City Home Price Index pulled the twelve-month rise to 12.8%, its greatest since February 2006. Notwithstanding this result, the 3-month annualized rate of increase fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 29 2013
U.S. Retail Sales Slip But Spending less Autos Firms
Retail sales and food services posted a 0.1% slip (+3.2% y/y) during September following an unrevised 0.2% August rise. A 0.1% uptick had been expected in the Action Economics Forecast Survey. A 2.2% decline (+5.1% y/y) in motor [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2013
U.S. Pending Home Sales Decline Sharply
The National Association of Realtors (NAR) reported that September pending sales of single-family homes fell 5.6% m/m, down for the fourth straight month. Sales in September were at the lowest level since December. Sales declined [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 28 2013
U.S. Industrial Production Increase Led By Utilities
Industrial production rose 0.6% during September (3.1% y/y) following an unrevised 0.4% August increase. A 0.3% gain had been expected in the Action Economics survey. A strong 4.4% rise (4.4% y/y) in utility output paced last month's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2013
U.S. Consumer Sentiment Ratchets Further Downward
Consumer sentiment, as measured in the Reuters/University of Michigan survey, continues to move lower. It fell sharply during October to a reading of 73.2 (-11.4% y/y). That compares to 75.2 at mid-month and 77.5 during September. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2013
U.S. Durable Goods Orders Surge As Aircraft Bookings Jump
New orders for durable goods strengthened by 3.7% last month (7.4% y/y) following a little-revised 0.2% August uptick. The latest figure was double expectations in the Action Economics Forecast Survey. Orders for nondefense aircraft & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2013
U.S. JOLTS: Job Openings Rate Returns to Earlier High
The Bureau of Labor Statistics reported in its August Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate rose to 2.8%, up from July but about where it's been all year. The job openings rate is the number of job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2013
U.S. Initial Claims for Jobless Insurance Dip, Though Remain Elevated
The status of the job market remains unclear. Initial claims for unemployment insurance fell to 350,000 (-5.9% y/y) during the week ended October 19 from 362,000 during the prior week, initially reported as 358,000. In coming weeks, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2013
U.S. Trade Deficit Remains Fairly Constant
The U.S. foreign trade deficit totaled $38.8 billion in August compared to a revised $38.6 billion during July, initially reported as $39.1 billion. A $39.3 billion deficit had been expected in the Action Economics survey. Exports [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2013
FHFA Home Price Index Rate of Increase Eases
Home prices continue moving higher, although the rate of gain slipped this summer. The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 0.3% during August following a 0.8% July increase. The increase was [...]
by:Tom Moeller
|in:Economy in Brief
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