Participation rates in the labor force have been declining for decades. Friday's household employment report, from the Bureau of Labor Statistics, indicated that they reached new lows. December's 63.6% participation rate, which is the [...]
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| Jan 07 2013U.S. Labor Force Participation Decline Is Sharpest For Men
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2013
U.S. ISM Nonmanufacturing Index Improves Further
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved to 56.1 last month from an unrevised 54.7 during November. The figure compared to Consensus expectations for a slip [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 04 2013
U.S. Job Growth Continues To Be Moderately Positive
Labor market improvement during 2012 is evidenced in most employment measures. For all of last year, nonfarm payrolls grew 1.4% and added to their 1.2% rise in 2011. Regrettably, however, these gains pale in comparison to the 4.0% or [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2013
Challenger Job Cuts Near Recovery Low
The number of layoffs fell for the holidays. The outplacement firm of Challenger, Gray & Christmas reported that 32,556 job cuts were announced during December. The latest level was nearly the lowest for the economic recovery and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2013
U.S. Initial Jobless Insurance Claims Move Slightly Higher
Initial claims for unemployment insurance rose to 372,000 (2.8% y/y) during the week ended December 29 from 362,000 during the week prior, revised from 350,000. Consensus expectations were for 355,000 claims. The four week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 03 2013
U.S. Payrolls Show A Surprisingly Firm Increase in ADP Survey
Private sector payrolls jumped 215,000 last month according to the ADP/Moody's National Employment Report. The gain followed an upwardly revised 148,000 November increase and easily outpaced consensus expectations for a 135,000 rise, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2013
U.S. Construction Spending Is Depressed by Hurricane Sandy
Construction activity suffered in the wake of Hurricane Sandy. The value of construction put-in-place fell 0.3% during November after a downwardly revised 0.7% October increase. The decline compared to consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 02 2013
U.S. ISM Factory Index Posts A Limp Gain From Recovery Low; Pricing Power Increases Slightly
Factory sector activity posted a modest recovery last month following several months of downward pressure. The Institute for Supply Management reported that its December composite index of manufacturing activity rose to 50.7 from an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2012
U.S. Chicago Fed Index Improves
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for November improved to 0.10 from a revised October reading of -0.64, last month reported as -0.56. The three-month moving average also rose to -0.20. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2012
U.S. Consumer Sentiment Falls To Lowest Since July; Annual Reading Is Highest Since 2007
The consumer lost the holiday spirit this month. The University of Michigan's Index of Consumer Sentiment in December fell to 72.9 from 82.7 last month. The reading also fell short of the mid-month figure, 74.5. The latest was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 21 2012
U.S. Income, Spending & Savings Each Improved Last Month
November was a better month for individuals' income & outlays. Personal income grew 0.6% last month following an unrevised 0.1% October uptick. A 0.3% rise was expected. The gain was the strongest since February and lifted the y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 20 2012
U.S. Leading Economic Indicators Decline and Trend Growth Weakens
The Leading Economic Indicator index from the Conference Board declined 0.2% during November following a 0.3% October gain, initially estimated at 0.2%. Fifty percent of the component series had a positive influence on the index last [...]
by:Tom Moeller
|in:Economy in Brief
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