The corner clearly has been turned in the job market. In its latest National Employment Report, the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic Advisers, indicated that the February level [...]
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| Mar 02 2011ADP Reports Continued Firm Job Growth
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2011
U.S. Construction Spending Declines Again
Builders were kept off the job during January for the second consecutive month by severe winter weather. The value of construction put-in-place fell 0.7% following a revised 1.6% December decline, originally reported as down 2.5%. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2011
U.S. Chain Store Sales Slip
After earlier strength, sales at chain stores slipped 0.5% at the end of last month. For February overall, sales ticked up 0.1% from the January average which was down 1.0% from December. During the last ten years there has been a 66% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2011
U.S. Factory Sector Expansion Gains Steam
Last month, the Composite Index of activity in the factory sector from the Institute for Supply Management increased to 61.4 from an unrevised 60.8 in January. The figure beat consensus expectations for a reading of 60.6. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2011
U.S. Gasoline Prices Surge With Crude Oil
Strength in energy prices continues unabated. The pump price for regular gasoline last week surged nineteen cents to $3.38 per gallon, the highest since October-2008 and double the December-2008 low of $1.61. Typically, pump prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2011
U.S. Pending Home Sales Decline
The National Association of Realtors (NAR) reported that January pending sales of existing single-family homes fell 2.8% after a 3.2% December decline, which last month was reported as a 2.0% increase. Sales fell hard in most regions [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2011
U.S. Personal Income Improves but Spending Moderates
Personal income rose an improved 1.0% last month, more-than-double expectations. However, the improvement was limited to a 2.1% spike in rental income, up 10.6% y/y. Elsewhere, income growth continued moderate. The December gain in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 28 2011
NABE Says Economic Growth Will Be Higher In 2011
The National Association for Business Economics indicated an upward revision to its latest growth forecast. For this year, real GDP growth should average 3.3%, versus 2.6% expected three months ago. For next year, growth is expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2011
U.S. Consumer Sentiment Firms Since Mid-Month
Consumers' spirits improved markedly during the last two weeks. The full-month February reading of consumer sentiment from the University of Michigan rose to 77.5 and easily beat expectations for 75.3. The reading also was improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2011
U.S. GDP Growth, Surprisingly, Is Revised Down
Real GDP growth during Q4 was reduced to 2.8% (SAAR) from the advance report of 3.2%. The revision was due to weakened growth in domestic final demand. The GDP figure was well below Consensus expectations for a revision to 3.6%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2011
Chicago Fed Index Returns To Negative Territory
The Chicago Fed reported that its National Activity Index (CFNAI) fell last month to -0.16 from an upwardly revised 0.18 in December, initially reported at 0.03. The index remained down sharply since its March peak, though it has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2011
U.S. New Home Sales Decline
Total new home sales in January fell 12.6% to 284,000 and reversed most of the downwardly revised 15.7% December gain. Consensus expectations were for 300,000 sales. Sales have fallen by three-quarters from the all-time record [...]
by:Tom Moeller
|in:Economy in Brief
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