The Bureau of Labor Statistics reported that their latest reading of labor market conditions held steady after earlier deterioration. The Job Openings & Labor Turnover Survey (JOLTS) indicated that the job openings rate during June [...]
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| Aug 11 2010JOLTS: U.S. Job Openings Steady During June
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 11 2010
U.S. Trade Deficit Deepest Since 2008
Unexpectedly, the June U.S. foreign trade deficit deteriorated to $49.9B from a little-revised $42.0B in May. The combination of lower exports and higher imports brought the deficit to its deepest level since September 2008. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2010
U.S. Gasoline & Crude Oil Prices Are Higher
The pump price for regular gasoline moved four cents higher last week to $2.78 per gallon. That remained down from $2.91 in early-May. Pulled higher by firm demand, prices have risen from the late-2009 level of $2.61. Yesterday, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2010
U.S. Small Business Optimism Falls Again
For the second consecutive month, small business optimism fell. The National Federation of Independent Business (NFIB) reported their July small business optimism index fell m/m to 88.1. That's down from the recent high of 92.2 and it [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 10 2010
U.S. Labor Productivity Decline The First Since 2008
Labor productivity fell last quarter. A modest uptick had been expected, but the drop is a natural result of slower output growth coupled with a faster increase in labor hours worked. Nonfarm business sector productivity fell 0.9% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2010
U.S. Consumer Credit Outstanding Is Off Again
Consumers still are shying away from carrying credit balances. At least they're looking to lower the balances they have. Consumer credit outstanding fell $1.3B during June after a $5.3B May decline that was smaller than reported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2010
U.S. Weekly Initial Claims for Jobless Insurance Jump To Highest Since April
The already weak labor market suffered an unexpected setback last week. Initial claims for jobless insurance rose to 479,000 from 460,000, revised up from 457,000, during the prior week. The latest level was the highest since early- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2010
Challenger Layoffs Rise And Hiring Plans Fall, Both For The Third Month
According to the outplacement firm of Challenger, Grey & Christmas the level of layoffs during July rose slightly to 41,676, the third increase in as many months. Despite the latest upward drift in layoffs, the level remains down by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2010
U.S. ISM Nonmanufacturing Index Indicates Improvement in Growth
The U.S. service sector is holding up despite slower growth elsewhere. The July Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved slightly to 54.3 after its June dip to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2010
ADP Report: U.S. Private-Sector Jobs Rise Minimally For Sixth Month
The job market expanded again last month, but its rate of gain has been minimal. The payroll processor ADP, in their latest National Employment Report, indicated that private nonfarm payroll levels rose during July by 42,000 after a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2010
U.S. Vehicle Sales Improve To Highest Since August '09
An improved trend has become apparent in the U.S. vehicle sales figures. Unit sales of light vehicles during July rose 8.8% from June to 12.06M units (SAAR) versus 11.08M in June. Sales were the highest since last August and the Cash- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2010
U.S. Factory Inventory Decline Is Limited
For the second consecutive month factory inventories fell modestly. The June 0.1% decline was not, however, broad-based. In fact, the decline was limited to petroleum and chemicals where prices fell. Inventories at petroleum [...]
by:Tom Moeller
|in:Economy in Brief
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