The economic slowdown took a further toll on worker productivity last quarter. Labor productivity in the nonfarm business sector slipped 0.3% (AR) after a similar 0.6% decline during Q1. The declines compare to 8% quarterly growth at [...]
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 09 2011U.S. Labor Productivity Growth Is Negative, Again
by:Tom Moeller
|in:Economy in Brief
Global| Aug 08 2011U.S. Consumer Credit Extension Jumps
Consumers seem more secure about taking on debt. Reported late Friday, overall consumer credit surged $15.5B during June following an unrevised $5.1B May increase. A $5.1B increase had been expected by Action Economics. Credit has [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2011U.S. Payroll Increase Is A Positive Surprise While Jobless Rate Slips
Finally, an improved jobs report after two months of disappointment. Nonfarm payrolls rose 117,000 during July following increases during the prior two months that were revised upward by a collective 56,000. The latest gain compared [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2011U.S. Factory Orders Fall And Inventory Gain Slows
Reported yesterday, manufacturing orders fell 0.8% during June after a little-revised 0.6% May increase. Consensus expectations were for a 0.7% decline. For durable goods only, orders fell 1.9% which was revised up slightly from the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2011U.S. Initial Unemployment Insurance Claims Remain Near April Low
Initial unemployment insurance claims slipped last week to 400,00 from a revised 401,000, initially reported as 398,000. The latest figure remained the lowest since the first week of April. Consensus expectations had been for 405,000 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2011U.S. ISM Nonmanufacturing Index Shows Sluggish Activity
This summer has started out with indications of economic weakness relative to the lethargic Q2. The July Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 52.7 from an [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2011U.S. Challenger Job Cut Announcements Jump
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during July surged. The nearly two-thirds m/m gain to 66,414 brought them to the highest level since March of last year. The uptick in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2011ADP Reports Moderate Growth In Employment
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. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 02 2011U.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 2011U.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 2011U.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 2011U.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
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