Despite the weakening in factory sector activity, there's recently been broad-based strength in industrial commodity prices. At 169.5, the latest price index from the Foundation for International Business and Economic Research (FIBER) [...]
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| Sep 17 2012FIBER: Higher Lumber, Crude Oil & Metals Costs Lift Commodity Price Index
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 17 2012
Empire State Factory Index Falls To Its Recovery Low
Industrial sector activity continues to soften. The Empire State Factory Index of General Business Conditions for September fell to -10.41, its lowest level of the economic recovery. Consensus expectations had been for m/m improvement [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2012
U.S. Payroll Gain Is Weak As Unemployment Rate Falls
The job market is having trouble showing consistent improvement.Nonfarm payrolls grew 96,000 during August following revised changes of 141,000 and 45,000 during the prior two months, earlier reported as 163,000 and 64,000, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2012
U.S. ISM Nonmanufacturing Index Gains Again
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 53.7 during August from an unrevised 52.6 July reading. The latest matched the highest level since March and beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2012
Challenger Indicates Fewest Job Cuts Since 2000
The outplacement firm of Challenger, Gray & Christmas reported that 32,238 job cuts were announced during August. That was the lowest level since June, 2000. Job cut announcements fell in the retail, services, transportation, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2012
U.S. Initial Unemployment Insurance Filings Decline
Initial jobless insurance claims fell to 365,000 during the week ended September 1, the lowest level in four weeks. At 377,000, the prior week was revised up from 374,000. Consensus expectations were for a decline to 370,000 during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 06 2012
ADP Reports Improved Job Gains
Employment growth accelerated last month. August private sector payrolls rose 201,000 as reported by the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers. The gain was the strongest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2012
U.S. Mortgage Applications Fall Further With Interest Rates
It seems odd, but fewer mortgage applications are accompanying falling interest rates. The Mortgage Bankers Association index of total mortgage applications fell another 2.5% last week (+27.5% y/y), the fifth straight week of sharp [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2012
U.S. Productivity Growth Is Revised Up<
Workers produced more for their effort in Q2'12 than estimated last month. Nonfarm business sector productivity for last quarter was revised up to 2.2% (1.2% y/y) from last month's estimate of a 1.6% gain. However, since growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2012
U.S. Chain Store Sales Back Off
Chain store sales slipped 0.4% last week (+3.7% y/y) and reversed the prior week's increase. For August as a whole, sales fell 1.6% m/m after a 3.3% July gain. During the last ten years there has been a 72% correlation between the y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2012
U.S. Gasoline Price Rise Is Unrelenting
For nine straight weeks gas prices have moved upward.The pump price of regular gasoline rose another six cents last week to $3.84 per gallon, the highest level since late April. And this is the time of year when seasonal price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2012
U.S. Vehicle Sales Approach Recovery High
Car shoppers were busy last month. Unit sales of light motor vehicles during August gained 3.1% m/m (16.6% y/y) to 14.52M (SAAR) according to the Autodata Corporation. The gain recouped July's drop and raised sales to their highest [...]
by:Tom Moeller
|in:Economy in Brief
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