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 [...]
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 31 2011U.S. Challenger Job Cut Announcements Slip
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
- Global| Aug 29 2011
U.S. Personal Income & Spending Improve With Higher Prices
Personal income matched expectations and rose 0.3% last month following a revised 0.2% June increase, initially reported as 0.1%. Disposable income also rose a slightly improved 0.3%. These gains, however, were eroded by a faster [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 19 2011
U.S. Existing Home Sales Remain Depressed
The National Association of Realtors reported that sales of existing homes during July fell 3.5% to 4.670M (21.0% y/y) from a revised 4.840 in June. The y/y comparison is positive because of last year's decline after the ending of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2011
Philadelphia Fed Business Activity Index Crashes Along With Outlook
The Philadelphia Federal Reserve Bank's index of regional factory sector plunged this month. Today's Philadelphia Fed General Activity index dropped to -30.7 from an unrevised 3.2 in July. The figure was well short of Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2011
U.S. Initial Claims For Jobless Insurance Are Range-bound Near 400,000
Initial unemployment insurance claims have been waffling between 375,000 and 432,000 since February. Last week, they ticked up w/w to 408,000 from an upwardly revised 399,000 during the prior period. The figure surpassed expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 18 2011
U.S. CPI Gain Is Surprisingly Strong; Core Increase Eases
Price inflation accelerated last month, but its makeup was somewhat mixed. The overall CPI gained 0.5% following June's 0.2% decline. A 0.2% increase was expected. Despite the July strength, the three-month gain in prices eased to [...]
by:Tom Moeller
|in:Economy in Brief
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