This latest figure covering labor market conditions indicates improvement after last week's deterioration. Initial claims for unemployment insurance dropped sharply last week to 435,000, the lowest level since early-July. That [...]
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| Nov 10 2010U.S. Claims For Jobless Insurance Reverse Earlier Deterioration
by:Tom Moeller
|in:Economy in Brief
Global| Nov 10 2010U.S. September Trade Deficit Improves
The September U.S. foreign trade deficit improved to $44.0B following its little-revised deterioration to $46.5B during August. The figure was narrower than expectations for $45.0B. For all of Q3 the deficit averaged $44.4B versus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 09 2010U.S. Gasoline Prices Begin Upward Creep With Crude Oil
Stability has turned toward an upward move amongst energy prices. The pump price for regular gasoline rose to $2.87 per gallon last week, up six cents w/w and up nearly twenty cents since early-September. Prices rose from the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 09 2010JOLTS: U.S. Job Openings Rate Backs Off Again
Reversing the earlier indication of labor market improvement, the Bureau of Labor Statistics indicated in its Job Openings & Labor Turnover Survey (JOLTS) that the September job openings rate fell to 2.2% from a downwardly revised [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 09 2010U.S. Small Business Optimism Improves
Small businesses optimism improved last month, finally. Following four months in the doldrums, the National Federation of Independent Business indicated that their index of small business optimism jumped to 91.7 last month from 89.0 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2010U.S. Consumer Credit Increase Is Only Second Of Year
There's been a conscious effort by consumers to reduce debt levels this year. And despite Friday's report, it's ongoing. The Federal Reserve indicated that consumer credit outstanding rose $2.1B during September following declines [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 05 2010U.S. Pending Home Sales Fall Unexpectedly
The National Association of Realtors (NAR) reported that September pending sales of existing single-family homes fell 1.8% m/m. The decline reversed much of an August gain and was well short of a Consensus expectations for a 3.0% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 05 2010U.S. Payrolls Rise Modestly; Jobless Rate Steady
The U.S. labor market is firmer, but still fragile. Payrolls rose a modest 151,000 last month after a 41,000 September decline. Encouraging news came from private sector payrolls. They rose 159,000 after gains of 107,000 and 143,000 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 04 2010U.S. Weekly Claims For Jobless Insurance Increase But Rate Falls
Improvement in the labor market continues hard to come by. Initial claims rose to 457,000 last week and more-than-recovered the prior week's decline to 437,000 which was revised up from 434,000. Nevertheless, the figures remained near [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 04 2010U.S. Labor Productivity Improves And Lowers Unit Costs
Along with an improvement in output last quarter, labor productivity also improved. Labor productivity in the nonfarm business sector rose 1.9% (AR) and recouped its 2Q decline. The rise exceeded Consensus expectations for a 0.9% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 03 2010U.S. Vehicle Sales' Uptrend Accelerates
Unit sales of light vehicles jumped an unexpected 4.2% last month versus September. The rise to 12.26M units (SAAR) left monthly sales at the highest since September of 2008 except for the incentive-charged sales spurt in August of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 03 2010U.S. ISM Nonmanufacturing Index Recovers For Second Month
The U.S. service sector continued to improve last month. The October Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 54.3 from 53.2 in September. The latest beat [...]
by:Tom Moeller
|in:Economy in Brief
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