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 [...]
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| Nov 30 2011ADP Reports A Pickup In Job Growth
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
- Global| Nov 23 2011
U.S. Initial Claims For Unemployment Insurance Tick Higher
Initial claims for jobless insurance rose last week to 393,000 from 391,000 (revised from 388,000) during the week prior. Expectations had been for 390,000 in the Action Economics survey. The 4-week moving average of claims fell to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2011
U.S. Durable Goods Orders Decline Again
New orders for durable goods fell 0.7% last month following a revised 1.5% decline during September, initially reported as -0.8%. Another 4.8% decline in transportation orders led the way down for the second consecutive month. Orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 23 2011
U.S. Personal Savings Remain Low With Income Growth
Individuals continue to rely on savings rather than income to support spending. The personal savings rate remained depressed at 3.5%. However, September was revised down to 3.3%, from 3.5% reported last month, and the savings rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 22 2011
U.S. Gasoline Price Falls But Crude Oil At Five-Month High
The pump price for regular gasoline fell seven cents last week to $3.37 per gallon. Prices were the lowest since February when they averaged $3.21. Retail prices usually start to ease this time of year with reduced seasonal demand. To [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 22 2011
U.S. Chain Store Sales Stutter
Chain store sales fell 0.9% last week following gains during the prior three weeks. As a result, the average for this month so far is up 1.0% (2.8% y/y) from October when sales fell 0.6% m/m. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 22 2011
U.S. GDP Growth Revised Slightly Lower; Profits Rise Moderately
Real GDP grew at a revised 2.0% annual rate in Q3 versus the Advance estimate of 2.5% growth. The figure fell short of Consensus expectations for an unrevised 2.5% rate of growth. It remained, however, the strongest quarterly growth [...]
by:Tom Moeller
|in:Economy in Brief
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