Labor market improvement continues according to the Bureau of Labor Statistics Job Openings & Labor Turnover Survey (JOLTS). The October job openings rate rose to 2.7% from an unrevised 2.6%. That equaled the highest rate for 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| Dec 11 2012U.S. JOLTS: Job Openings Rate Improves While Layoffs Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 11 2012
U.S. Trade Deficit Deteriorates With Higher Oil Prices
The U.S. foreign trade deficit during October deepened to $42.2B from $40.3B in September, revised from $41.5B. A $42.6B deficit had been expected. The deterioration occurred as imports fell 2.1% (-0.8% y/y) versus the 3.6% decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 10 2012
U.S. Consumer Credit Usage Continues To Heat Up
Consumers are using their borrowing ability to keep spending. Consumer credit outstanding jumped $14.2B during October following a revised $12.2B September increase, initially reported as $11.4B, according to Federal Reserve figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 07 2012
U.S. Job Market Continues To Improve Despite Hurricane Sandy
Nonfarm payrolls grew 146,000 during November following gains of 138,000 and 132,000 during the prior two months, revised down from 171,000 and 148,000, respectively. A 110,000 increase was expected. As measured in the household [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 06 2012
Challenger Job Cuts Rise Again
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, [...]
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
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