The current economic slowdown is taking a toll on worker productivity. Labor productivity in the nonfarm business sector rose 1.6% last quarter, the slowest gain since Q2'10. Productivity is calculated by dividing an index of real [...]
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| May 05 2011U.S. Labor Productivity Slows
by:Tom Moeller
|in:Economy in Brief
- Global| May 05 2011
U.S. Initial Unemployment Insurance Claims Surge
Initial claims for jobless insurance jumped last week to 474,000 from 431,000 during the prior period, initially reported as 429,000. By far, the latest figure exceeded Consensus expectations for 410,000 claims and was the highest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2011
U.S. Challenger Layoffs Near Lowest Since 2000
The outplacement firm of Challenger, Grey & Christmas reported that layoffs during April fell back to 36,490, nearly the lowest level since June, 2000. The decline in layoffs was led by the government, legal, media, electronics, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2011
U.S. ISM Nonmanufacturing Index Declines Further
Growth in U.S. nonmanufacturing activity continued to slow last month. The April Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 52.8 from 57.3 in March. The latest was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2011
ADP Reports Moderate Job Growth
In its latest National Employment Report, the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, indicated that the April level of private nonfarm payrolls rose 179,000 after a 207,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2011
U.S. Vehicle Sales Rise Slightly M/M
Unit sales of light vehicles recovered just 0.5% during April to 13.17M units (SAAR) after the 2.4% decline in March. The Consensus expectation was for sales of 13.0M, according to the Bloomberg survey. (Seasonal adjustment of these [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2011
U.S. Factory Orders & Shipments Jump
Factory sector activity recovered during March. Manufacturing orders jumped 3.0% after a 0.7% February gain that was revised up from a 0.1% slip reported earlier. For durable goods only, orders rose 2.9%, revised from the 2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2011
Higher Prices Erode U.S. Wages And Threaten Consumer Spending
Reported Friday was a hefty 0.6% gain in March disposable personal income. As we noted then, the strength of the nominal increase was limited to an outsized 2.7% rise in rental income, the third consecutive monthly such gain. Wage and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2011
U.S. Gasoline Prices Increase Steadily
There's been no let-up of the upward pressure on energy prices. Last week, the pump price for regular gasoline rose to $3.96 per gallon, the highest level since July, 2008. Typically, pump prices decline this time of year due to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2011
U.S. Construction Spending Recovers
The value of construction spending rebounded 1.4% during March following a deepened 2.4% February decline. Consensus expectations as indicated by Actions Economics called for a 0.4% monthly gain. The rise in construction last month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2011
U.S. Factory Sector Growth Eases Again
The Composite Index of activity in the factory sector from the Institute for Supply Management slipped again, last month to 60.4 from an unrevised 61.2 in March. The figure was higher than Consensus expectations for 59.6. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2011
Chicago Fed Index Turns Positive
The Chicago Fed reported that its National Activity Index (CFNAI) improved to a positive 0.26 last month. The gain was versus upwardly revised, positive readings this year that previously were reported as negative. Nevertheless, the [...]
by:Tom Moeller
|in:Economy in Brief
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