Lower consumer confidence can quickly translate into less spending. That seems to have been the case during May. Consumer Confidence dropped 7.9% last month according to the Conference Board. Today's news is that unit sales of light [...]
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| Jun 01 2011U.S. Vehicle Sales Drop Sharply
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2011
U.S. ISM Factory Index Falls To Near Recovery Low
The Composite Index of activity in the factory sector from the Institute for Supply Management dropped sharply last month to 53.5 from an unrevised 60.4 in April. On many counts, the figure was a disappointment. It was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2011
U.S. Challenger Layoffs Up And Hiring Plans Down
The outplacement firm of Challenger, Grey & Christmas reported that layoffs during May rose a slight 1.8% m/m to 37,135, but that still was nearly the lowest level since June, 2000. The uptick in layoffs was led by the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2011
Intuit Small Business Hiring Index Improves Slightly
Intuit compiles data covering small business employment and the figures indicate that jobs have been improving with the economic recovery. The 0.2% m/m gain in the May Employment Index was similar to gains since last Fall. The gains [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2011
U.S. Gasoline Prices Dip Again But Crude Oil Ticks Up
These are confusing times for energy prices -- gasoline is down with the weak economy and less driving, but crude oil and natural gas are up. Last week, the pump price for regular gasoline fell to $3.79 per gallon though it remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2011
ADP Reports Reduced Forward Momentum In The Labor Market
In its latest National Employment Report, the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, indicated that the May level of private nonfarm payrolls rose just 38,000 after a 177,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2011
U.S. Consumer Confidence Backpedals To Six-Month Low
Concern about future business conditions is the big worry on consumers' minds this month. The Conference Board reported that its May consumer confidence index fell 7.9% from April to 60.8, the lowest level since November. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2011
U.S. Case-Shiller Home Price Index Double-Dips
Home prices have been seesawing, giving back all of the support created by last year's home-buyer tax credit. The seasonally adjusted Case-Shiller 20-City Home Price Index fell 0.2% m/m in March after an unrevised 0.2% February drop. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2011
U.S. Pending Home Sales Fall Sharply
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell 11.6% last month after a 3.5% March gain, that was initially reported as 5.1%. Sales were at the lowest level since September. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2011
U.S. Spending & Income Gains Eroded By Higher Prices
Individuals continue to do their part in supporting the economic recovery. It's just that higher prices are eroding the effort.Personal consumption expenditures gained 0.4% last month, after a 0.5% March rise, but that increase was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2011
U.S. Initial Unemployment Insurance Claims Rebound
Initial claims for jobless insurance rebounded to 424,000 from 414,000 during the week earlier, revised from 409,000. The latest figure was higher than Consensus expectations for 400,000 claims. The four-week moving average of claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2011
Slow U.S. GDP Growth Unrevised
In its second look at the economy last quarter, the Commerce Department didn't find much that was materially different versus last month's picture.Real GDP grew 1.8% (SAAR), still the weakest growth since Q2'10. The Q1 figure fell [...]
by:Tom Moeller
|in:Economy in Brief
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