Activity is improving in the factory sector. The Institute for Supply Management reported that its January composite index of manufacturing activity rose to 53.1 from a revised 50.2 in December. The latest beat expectations for a [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Feb 01 2013U.S. Job Growth Throttles Back As Unemployment Rate Ticks Higher
Growth in the job market continued last month. The 157,000 (1.5% y/y) rise in January payroll employment roughly matched expectations but gains throughout 2012 were revised higher. (Establishment survey variables were revised back to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2013
U.S. Employment Cost Index Rise Remains Moderate
The employment cost index for private industry workers rose 0.5% in Q4'12 versus an unrevised 0.4% Q3 rise. The latest increase in total compensation matched expectations as compiled by Bloomberg. The full-year rise of 1.9% was down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2013
U.S. Income Surges But Spending Slows
Personal income jumped 2.6% (6.9% y/y) last month after a revised 1.0% November gain, initially reported as 0.6%. A 0.8% rise was the consensus expectation. Last month's jump centered on a 34.3% surge (49.6% y/y) in dividend income. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2013
Challenger Job Cuts Rise Slightly But Hiring Surges
The outplacement firm of Challenger, Gray & Christmas reported that 40,430 job cuts were announced during January. The latest level was up slightly from December but still near the economic recovery low. During the last ten years [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2013
U.S. Initial Unemployment Insurance Claims Bounce Upward
Initial claims for unemployment insurance rose to 368,000 (-3.4% y/y) during the week ended January 26 versus an unrevised 330,000 a week earlier. Consensus expectations were for 350,000 claims. The four week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2013
U.S. Income Surges But Spending Slows
Personal income jumped 2.6% (6.9% y/y) last month after a revised 1.0% November gain, initially reported as 0.6%. A 0.8% rise was the consensus expectation. Last month's jump centered on a 34.3% surge (49.6% y/y) in dividend income. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2013
FOMC Will Continue Accommodation Until Labor Market Improves Further
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent". The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2013
U.S. Payrolls in ADP Survey Post a Steady Increase
Nonfarm private sector payrolls increased 192,000 during January according to the ADP/Moody's National Employment Report. The gain followed a 185,000 December rise, initially reported as 215,000. Consensus expectations were for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2013
U.S. GDP Dips Due To Lower Inventories & Defense Spending; Prices Moderate
The economy felt the full effect of businesses' efforts to reduce inventories last quarter and lower defense spending. Real GDP fell 0.1% (AR) in Q4'12 (+1.5% y/y) following an unrevised 3.1% rise in the third quarter. It was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2013
U.S. Consumer Confidence Continues Lower
The Conference Board's Consumer Confidence Index for January dropped sharply to 58.6 from 66.7 in December, revised from 65.1. The latest figure was the lowest since November 2011. Consensus expectations had been for a little-changed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 29 2013
U.S. Energy Prices Continue Upward Drift
Energy prices have taken a new tack: northward. The pump price for a gallon of regular gasoline rose another 4 cents last week to $3.36 per gallon. That followed a 2 cent rise during the prior. Still, prices remain down 52 cents per [...]
by:Tom Moeller
|in:Economy in Brief
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