To repeat last month's observation, the construction sector was not in as dire straights as previously shown, but growth still has been negligible. The value of construction spending during July fell 1.3% but that just reversed a [...]
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
by:Tom Moeller
|in:Economy in Brief
Global| Sep 01 2011U.S. Labor Productivity Growth Is Worse Than Reported Earlier
Revised figures for Q2'11 labor productivity in the nonfarm business sector paint a dimmer picture of growth. The revised number fell 0.7% (AR) after the earlier report of a 0.3% slip. The decline matched that in Q1. The figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2011
U.S. ISM Factory Index Dips Just Slightly
The Institute for Supply Management reported that its August Composite Index of factory sector activity dropped slightly to 50.6 from an unrevised 50.9 in July. Nevertheless, the figure was nearly the lowest since the economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2011
U.S. Initial Claims for Jobless Insurance Retreat
Initial claims for unemployment insurance fell to 409,000 in the week ended August 27, down from 421,000 during the prior week (revised from 417,000). The latest figure roughly matched an expected 407,000 according to the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2011
U.S. Factory Orders Rebound
Manufacturing orders jumped 2.4% during July after a revised 0.4% June slip. Consensus expectations were for a 1.8% gain. For durable goods only orders rose 4.1% which roughly equaled the gain in the advance report. Nondurable goods [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2011
U.S. Challenger Job Cut Announcements Slip
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during August fell back following their July surge. The decline to 51,114 nevertheless left them up 47.0% from last August. The uptick in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2011
ADP Reports Further Weakening of the Labor Market
Employment growth continued to sputter last month according to the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers. The August gain in private nonfarm payrolls of 91,000 followed a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2011
Intuit Small Business Series Holds Firm
Intuit compiles data covering small business employment and, as of this month, the figures are still improving. For August, its employment index rose 0.2% for the ninth consecutive month, but figures before August were revised down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2011
U.S. Consumer Confidence Plummets As The Worst Is Expected
The economic environment is OK for now, but a recession is on the way. That's the reading of the environment reflected in the Conference Board's August Index of Consumer Confidence. It fell by one-quarter m/m to 44.5 after a moderate, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2011
U.S. The Decline In Fuel Prices Runs Out Of Gas
During the last several weeks, the early-summer decline in petroleum costs leveled off. The pump price for regular gasoline rose a nickel last week to $3.63 per gallon, its highest in a month. Nevertheless, prices remained down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2011
U.S. Case-Shiller Home Price Index Continues To Languish
The seasonally adjusted Case-Shiller 20-City Home Price Index slipped another 0.1% during June following a like performance during May which was little-revised. Nevertheless, during the last twelve months prices have fallen 4.6% after [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 29 2011
U.S. Pending Home Sales Slip
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes slipped 1.3% last month after an unrevised 2.4% June increase. Sales were slightly higher than the Q2 average but remained well [...]
by:Tom Moeller
|in:Economy in Brief
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