Consumers grow tired of not spending. So last week, sales at chain stores rose 2.2% after four consecutive weeks of decline. The increase brought sales 0.8% above the January average which was down 2.3% from December. During the last [...]
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| Feb 09 2011U.S. Chain Store Sales Recover
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 09 2011
U.S. Gasoline Prices Resume Rise
Lately, gasoline prices have done little but rise. The pump price for regular gasoline last week rose three cents to $3.13 per gallon, its highest since October 2008. The latest was roughly double the December-2008 low of $1.61. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 08 2011
JOLTS: U.S. Job Openings Rate Pulls Back
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the December job openings rate slipped to 2.3% from an upwardly revised 2.4% during November. For the full year the job opening rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 08 2011
U.S. Small Business Optimism Highest Since 2007
Small business confidence is on the mend. The National Federation of Independent Business indicated that their index of small business optimism rose to 94.1 in January from 92.6 in December. The latest was the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 07 2011
U.S. Interest Rates Climb
What started tentatively last year has turned into somewhat of a rout in the U.S. credit market. While short-term rates have barely budged, long-term rates have risen substantially as recent data suggest the economic recovery is [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2011
U.S. Payroll Increase Disappoints But Unemployment Rate Falls
Record snowfalls depressed hiring last month. Nonfarm payrolls increased just 36,000 last month after upwardly revised gains of 121,000 in December and 93,000 in November. Nevertheless, the rise disappointed Consensus forecasts for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2011
U.S. ISM Nonmanufacturing Index Continues Higher
Like the factory sector, the U.S. service sector continued to improve last month. The January Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 59.4 from 57.1 in December. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2011
U.S. Labor Productivity Improves Further, Lowering Costs
Labor productivity in the nonfarm business sector rose 2.6% (AR) and roughly repeated its Q3 increase. The rise exceeded Consensus expectations for a 2.0% increase. Nevertheless, y/y growth decelerated to 1.7% following its upward [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2011
U.S. Initial Claims For Jobless Insurance Fall Back
Initial claims for unemployment insurance last week fell back and retraced most of the prior week's jump. The decline to 415,000 from a revised 457,000, initially reported as 454,000, was greater than expectations for a decline to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2011
U.S. Challenger Layoffs Are Another Sign Of Firming Job Market
The outplacement firm of Challenger, Grey & Christmas reported that the level of layoffs during January picked up slightly to 38,519. The level still was near the lowest since June 2000. Despite the decline in layoffs, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2011
U.S. Vehicle Sales Remain Unchanged M/M
As expected, unit sales of light vehicles were roughly unchanged last month versus December at 12.62M units (SAAR). (Seasonal adjustment of these figures is provided by the U.S. Bureau of Economic Analysis.) Nevertheless, sales were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2011
ADP Reports Another Firm Jobs Gain
The job market continued to show improvement last month. In its latest National Employment Report, the payroll processor, Automatic Data Processing (ADP), indicated that the level of private nonfarm payrolls rose another 187,000 m/m [...]
by:Tom Moeller
|in:Economy in Brief
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