The outplacement firm of Challenger, Gray & Christmas reported that 57,081 job cuts were announced during November, up 19.6% from October and by more than one-third y/y. Job cut announcements rose in the aerospace/defense, apparel, [...]
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 2012Challenger Job Cuts Rise Again
by:Tom Moeller
|in:Economy in Brief
Initial jobless insurance claims fell again last week after filings were raised sharply in the wake of Hurricane Sandy. Claims fell during the week ended December 1 to 370,000 from 395,000 in the prior period, initially reported as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2012
U.S. Factory Orders Rise Moderately And Inventories Tick Higher
Orders in the factory sector are still rising, but the slower trend rate of growth mirrors other indications of slowing activity in manufacturing. Factory sector orders in October rose 0.8% following a 4.5% September gain. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2012
U.S. Productivity Growth Improves & Lowers Unit Labor Costs
Nonfarm business sector productivity for Q3'12 was revised up to 2.9% (1.7% y/y) from last month's estimate of a 1.9% gain which matched the Q2 rise. Growth was its fastest in two years. The latest increase reflected a 4.2% (3.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2012
U.S. ISM Nonmanufacturing Index Recovers A Bit; Pricing Power Declines
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved to 54.7 last month from an unrevised 54.2 during October. The figure compared to Consensus expectations for a decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 05 2012
U.S. Payrolls Rose in ADP Survey, Despite Hurricane Sandy
The Automatic Data Processing (ADP) payroll survey indicated that private sector payrolls rose 118,000 last month after a little-revised 157,000 gain, although September's gain was revised lower. The latest increase was short of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2012
U.S. Gasoline Prices Renew Decline
Last week the pump price for a gallon of regular gasoline declined five cents (+3.2%) to $3.39 per gallon. Since their September peak, prices have fallen forty nine cents per gallon. The norm for this time of year of less driving is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2012
U.S. Chain Store Sales Reverse Thanksgiving's Gain
A promising start to this holiday season came to naught with the new chain store sales report from the International Council of Shopping Centers and Goldman Sachs. Sales fell 3.1% last week and reversed Thanksgiving week's 3.3% rise. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 04 2012
U.S. Gasoline Prices Renew Decline
Last week the pump price for a gallon of regular gasoline declined five cents (+3.2%) to $3.39 per gallon. Since their September peak, prices have fallen forty nine cents per gallon. The norm for this time of year of less driving is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2012
U.S. Vehicle Sales Surge To Recovery High
Car buyers were out in force last month. Unit sales of light motor vehicles during November jumped 8.7% m/m (14.7% y/y) to 15.54M (SAAR) according to the Autodata Corporation. The latest figure surpassed the Consensus estimate for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2012
U.S. Construction Spending Is Substantially Firmer
The value of construction put-in-place jumped 1.4% during October after a 0.5% September gain. The latest increase easily beat expectations for a 0.4% rise and caps off seven months totaling 6.6% growth. Private sector spending surged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2012
U.S. ISM Factory Index Falls to Recovery Low While Pricing Pressure Eases
The Institute for Supply Management reported that its composite index of manufacturing activity fell to 49.5 in November from an unrevised 51.7 in October. The latest level was the lowest since July 2009 and it was well short of [...]
by:Tom Moeller
|in:Economy in Brief
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