According to the outplacement firm of Challenger, Grey & Christmas the level of layoffs during August fell to 34,768, the smallest number since June of 2000. The level remains down by more than one-half from last year. Planned layoffs [...]
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| Sep 01 2010Challenger Layoffs Diminish And Hiring Plans Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2010
U.S. ISM Index Posts Firm And Surprising Recovery
Deterioration in factory sector activity paused last month. The August Composite Index from the Institute for Supply Management rose to 56.3 from 55.2 in July after three consecutive months of decline. Consensus expectations had been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2010
ADP Report: Indicates Slight Reversal In U.S. Private-Sector Job Recovery
Following six consecutive months of modest recovery, the payroll processor ADP, in their latest National Employment Report, indicated that private nonfarm payroll levels fell slightly during August. The 10,000 worker decline followed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2010
U.S. Consumer Confidence Improves Slightly This Month But Remains Off From Recent High
The Conference Board indicated that consumer confidence rebounded moderately this month following two months of sharp decline. Their consumer confidence index rose 4.9% m/m to 53.5 following a 6.1% July decline that was less than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2010
U.S. Case-Shiller Home Price Index Gains Slow
Earlier, modest improvement in home prices recently lost some steam. Seasonally adjusted, the Case-Shiller 20-City Home Price Index gained 0.3% (4.2% y/y) in June following slightly stronger increases during the prior two months. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2010
U.S. Personal Spending Firms As Consumers Dip Into Savings
One way or another, U.S. consumers know how to do what they're paid to do. Personal consumption during July increased a firm 0.4% following an unrevised dip during June. The increase beat Consensus expectations for a 0.3% gain. Though [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2010
U.S. Mortgage Delinquencies & Foreclosures Remain High
It's one of the main lessons the study of economics can teach. When something goes bad, less of it is wanted. This year, the percentage of underwritten mortgages in arrears broached 10.0%. Going back to 1972, when the data first [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2010
U.S. Consumer Sentiment Stalls
The latest two reports on consumer sentiment suggest a gloomy state of affairs. First, the full-month August figure of 68.9 from the University of Michigan was lower than the mid-month reading. Second, this figure was nearly the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2010
U.S. GDP Growth Reduced; Inventory Growth & Foreign Trade Weakened
Disappointing news about the current economic recovery continued with today's report that U.S. real GDP growth last quarter was revised down. The new figure of 1.6% (AR) compared to 2.4% in the advance report. Still, the latest was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2010
U.S. Jobless Insurance Claims Retreat As Census-Worker Layoffs Near End
Perhaps, recent indications of sequential deterioration in the labor market have topped out. Initial claims for unemployment insurance fell last week to 473,000 from 504,000 the week prior (originally 500,000). Claims were the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2010
U.S. Jobless Insurance Claims Retreat As Census-Worker Layoffs Near End
Perhaps, recent indications of sequential deterioration in the labor market have topped out. Initial claims for unemployment insurance fell last week to 473,000 from 504,000 the week prior (originally 500,000). Claims were the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 25 2010
U.S. New Home Sales' Depressed Level Pulls Prices To 2003 Level
What the Federal government gives, it can take away. And the removal of the $8,000 home-buyer tax credit wreaked more havoc on home sales last month. The Census Department indicated that July new home sales fell 12.4% to 276,000, [...]
by:Tom Moeller
|in:Economy in Brief
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