Their estimate missed the mark for June, but again, in its latest National Employment Report, the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, indicated that job growth has firmed. [...]
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| Aug 03 2011ADP Reports Moderate Growth In Employment
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2011
U.S. Gasoline Prices Rise By One Cent
The pump price for regular gasoline rose a penny last week to $3.71 per gallon, its highest in a month. Nevertheless, prices remained down twenty-five cents since the May peak. Pump prices usually rise this time of year with increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2011
U.S. Vehicle Sales Rise After Two-Months Of Decline
Unit sales of light vehicles during July recovered some of the prior two months' weakness with a 5.8% increase to 12.23M units (SAAR). Sales had fallen 1.4% and 11.0% m/m during June and May, respectively. Figures were revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2011
U.S. Personal Income Increases But Spending Declines
Personal income rose 0.1% last month following a revised 0.2% May increase, initially reported as 0.3%. A 0.2% June increase had been expected. The revision was part of the benchmark changes to the GDP accounts reflected in Friday's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2011
U.S. Construction Spending Nudges Up
The construction sector was not in as dire straights as previously shown, but growth still was negligible. The value of construction spending during June inched up 0.2% following similarly small gains in prior months, when declines [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2011
U.S. ISM Factory Index Declines Unexpectedly
The Institute for Supply Management indicated that its July Composite Index of factory sector activity dropped sharply to 50.9 from an unrevised 55.3 in June. The figure was nearly the lowest since the economic recovery began two [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2011
FIBER: Commodity Prices Suggest Lackluster Economy
On balance, industrial commodity prices have been moving sideways since the spring. At 174.8, the latest price index reading from the Foundation for International Business and Economic Research (FIBER), which covers industrial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2011
U.S. Employment Cost Index Gain Accelerates With Greater Benefits
The employment cost index for private industry workers rose 0.8% in Q2 for total compensation versus an unrevised 0.5% Q1 rise. The Q2 increase beat expectations for a 0.5% rise as tallied by Bloomberg. The four-quarter gain of 2.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 29 2011
U.S. GDP Growth Of 1.3% Disappoints
The Commerce Department reported that real GDP grew just 1.3% (SAAR) last quarter. The figure was disappointing for several reasons. It fell short of Consensus expectations for 1.7% growth and it was the softest reading since Q2'09. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2011
U.S. Pending Home Sales Recover Somewhat
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes rose 2.4% last month after an unrevised 8.2% May increase. Despite the recent improvement, sales for the second quarter fell 3.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2011
U.S. Initial Unemployment Insurance Claims Are Lowest Since April
In a sign of labor market healing, initial unemployment insurance claims fell last week to 398,000 versus a revised 422,000 during the week prior, initially reported as 418,000. The latest figure was the lowest since the first week of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2011
U.S. Chain Store Sales Show More Life In Consumer Spending
Released yesterday, chain store sales rose 0.3% last week for the fifth consecutive weekly gain. The increase pulled sales to a record high and up 3.7% in July versus June. During the last ten years there has been a 66% correlation [...]
by:Tom Moeller
|in:Economy in Brief
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