Construction spending during October rose 0.8%, about as expected, after an unrevised 0.2% September uptick. Private sector spending led last month's gain with a 2.3% jump. Residential building rose 3.4% led by a 6.7% jump (1.7% y/y) [...]
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 01 2011U.S. Construction Spending Improves Further
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2011
U.S. ISM Factory Index Improves
Manufacturing activity seems to be gaining a firmer footing. The Institute for Supply Management reported that its November Composite Index of factory sector activity rose to 52.7, its highest since June, from an unrevised 50.8 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2011
U.S. Initial Unemployment Insurance Claims Move Higher
Initial claims for jobless insurance rose last week to 402,000 from 396,000 (revised from 393,000) during the week prior. Expectations had been for 390,000 in the Action Economics survey. The 4-week moving average of claims held [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
U.S. Pending Home Sales Recover Sharply
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes jumped 10.4% last month to the highest level since November 2010. The sharp rise in sales reflected m/m strength across the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
U.S. Mortgage Applications Drop Precipitously From Early-Month High
Let's talk about a reversal. The index of total mortgage applications fell 11.7% last week to 576.4 (March 16, 1990 = 100). Its was the third consecutive weekly decline and reversed all of the gains since late-July. Since early this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
Challenger Reports Few Job Cuts
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during November remained low at 42,474, roughly the same as October's 42,759. The latest figure was the lowest since June. The low level of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2011
ADP Reports A Pickup In Job Growth
Recent job market improvement gained momentum last month. According to the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, private nonfarm payrolls grew 206,000 (0.2% m/m) during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2011
U.S. Consumer Confidence Rebounds
Following three months of weakness, the Conference Board's November Index of Consumer Confidence rebounded by roughly one-third versus October. A lesser rise to 43.0 had been expected. Nevertheless, confidence remained down nearly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2011
U.S. Case-Shiller Home Price Index Declines Broadly Amongst Cities
Pressure on home prices just won't let up. During September prices fell in all but five cities. The seasonally adjusted Case-Shiller 20-City Home Price Index dropped 0.6% during September following a 0.3% August slip that was revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2011
U.S. Chain Store Sales Jump With Holiday Season's Beginning
This holiday shopping season began on a firm note. Chain store sales jumped 1.7% last week and were at the highest level since the first week of August. The average for this month so far is up 1.3% (3.1% y/y) from October when sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2011
U.S. Gasoline Price Continues Sharp Decline
Gasoline prices are showing the effects of reduced demand. The pump price for regular gasoline fell another six cents last week to $3.31 per gallon. Prices were the lowest since February when they averaged $3.21. Retail prices usually [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2011
U.S. New Home Sales Rise While Prices Slip
Total new home sales nudged up 1.3% last month to 307,000 (AR) following a 3.4% September gain, revised down from 5.7% reported initially. Sales roughly matched Consensus expectations for 310,000. They have moved sideways since the [...]
by:Tom Moeller
|in:Economy in Brief
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