The outplacement firm of Challenger, Gray & Christmas reported that 33,816 job cuts were announced during September, up 4.9% from August but down by nearly three-quarters versus September 2011. Job cut announcements rose in 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| Oct 04 2012Challenger Reports A Rise In Job Cuts
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2012
U.S. Factory Orders Plunge With Durables
Factory sector new orders collapsed 5.2% during August following an upwardly revised 2.6% July gain. Expectations were for a 5.0% drop according to Bloomberg. Durable goods orders fell an unrevised 13.2%, due to cancelled aircraft [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 04 2012
U.S. Initial Jobless Insurance Claims Rise
Initial claims for jobless insurance rose to 367,000 during the week ended September 29 versus a revised 363,000 during the prior week, initially reported as 359,000. Consensus expectations were for 370,000. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2012
U.S. Mortgage Applications Jump As Financing Rates Tumble
Maybe 3.0% was some kind of threshold, but mortgage refinancings jumped as the rate on fixed rate, 15-year loans fell below it. The Mortgage Bankers Association index of total mortgage applications gained 16.6% last week (38.8% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2012
U.S. ISM Nonmanufacturing Index Reaches Six-Month High
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) jumped to 55.1 last month from an unrevised 53.7 during August. The latest was the highest level since March and easily beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 03 2012
ADP Indicates Another Moderate Job Increase
Employment growth remained moderate last month. September private sector payrolls rose 162,000 (2.0% y/y) as reported by the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers. The rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2012
CoreLogic Reports Further Home Price Improvement
The housing market continues to firm. CoreLogic reported that home prices rose 0.3% in August following a 1.4% jump during July. It was the sixth consecutive month of increase but was the weakest (by far) of the gains. Nevertheless, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2012
U.S. Vehicle Sales Reach Recovery High
Car shoppers were out in-force last month. Unit sales of light motor vehicles during September gained another 3.0% m/m (13.9% y/y) to 14.96M (SAAR) according to the Autodata Corporation. The gain raised sales to their highest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2012
U.S. Chain Store Sales Slip
Chain store sales slipped 0.3% last week (+2.4% y/y). For September sales fell 1.4% from August adding to that month's 1.8% decline. During the last ten years there has been a 72% correlation between the y/y change in chain store [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2012
U.S. Gasoline & Crude Oil Prices Drift Lower
The pump price of regular gasoline fell three cents last week to $3.80 per gallon. Less driving again helped pump prices move lower. Haver Analytics constructs seasonal factors to reflect this pressure. After adjustment the price for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2012
U.S. Construction Spending Declines Again
The value of construction put-in-place fell 0.6% during August after a 0.4% July decline, last month reported as -0.9%. A 0.5% rise had been expected. Private sector spending led the decline with a 0.5% drop (+12.1% y/y) after a 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2012
U.S. ISM Indicates Moderate Improvement In Factory Sector
Activity in the manufacturing sector improved last month. The ISM Composite Index of industrial sector activity rose to 51.5 during September, the first month above the break-even level of 50 since May. Nevertheless, the improvement [...]
by:Tom Moeller
|in:Economy in Brief
- of1070Go to 540 page