The National Federation of Independent Business indicated that its October index of small business optimism rose to 90.2 from an unrevised 88.9 in September. Improvement in firms' expectations for the economy and sales was accompanied [...]
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 08 2011U.S. Small Business Optimism Improves
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2011
U.S. Consumer Credit Extension Rebounds M/M And Trend Firms
Consumers rediscovered an interest in using credit for purchases during September. The Federal Reserve reported that overall consumer credit expanded $7.4B following a little-revised $9.7B drop during August, initially reported as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2011
U.S. Nonfarm Payrolls Growth Disappoints But Jobless Rate Slips
Nonfarm payrolls grew just 80,000 during October but the September and August gains were revised up. Consensus expectations had been for a 100,000 increase in jobs last month. Altogether, these latest gains leave growth in employment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2011
U.S. Factory Orders Improve Modestly But Backlogs Are Strong
Manufacturing orders rose 0.3% during September following a 0.1% August uptick, revised from the 0.2% slip reported last month. A 0.2% September dip had been expected. For durable goods only, orders fell 0.6%, roughly unchanged from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2011
U.S. ISM Nonmanufacturing Index Continues Sideways Movement
The service sector just can't generate improvement. The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) was 52.9 last month versus an unrevised 53.0 during September. The figure [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2011
U.S. Labor Productivity Growth Improves
Worker productivity grew at the fastest rate last quarter since Q1'10. The 3.1% gain followed two quarterly declines. Nevertheless, the y/y increase held low at 1.1%, about where it's been all year. That compares to 4.1% growth during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2011
U.S. Initial Claims for Jobless Insurance Edge Lower
Initial claims for jobless insurance slipped to 397,000 last week from 406,000 (revised from 402,000) during the week prior. The latest figure compared to the 400,000 expected figure in the Action Economics survey. The 4-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2011
FIBER: Industrial Commodity Prices Stage A Broad-based Retreat
Industrial commodity prices weakened broadly with recent evidence of a lethargic economy. At 161.7, the latest price index from the Foundation for International Business and Economic Research (FIBER), which covers industrial materials [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2011
U.S. Challenger Reports Job Market Healing
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during October totaled just 42,759 following the September surge of 115,730. The latest figure was the lowest since June. The lessened rise in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2011
ADP Reports Another Modest Employment Gain
The labor market continues on the mend, just not too quickly. According to the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, private nonfarm payrolls grew 110,000 (0.1%) during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2011
U.S. Vehicle Sales Continue To Rise
New model offerings by vehicle manufacturers helped spur sales last month. Unit sales of light vehicles during October rose an expected, according to Bloomberg, 1.2% from September to 13.26M units (SAAR) after an 8.0% September jump. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2011
U.S. Construction Spending Improves
Construction spending during September ticked up an expected 0.2% following a little-revised 1.6% August increase. However, the decline in July was revised deeper to -3.3% from -1.4%. Therefore, the y/y comparison remained negative [...]
by:Tom Moeller
|in:Economy in Brief
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