Consumers have backed away from reducing debt as rapidly as during last year. The Federal Reserve reported late-Friday that consumer credit outstanding rose $2.0B during March following a revised $6.0B February drop. That decline was [...]
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 10 2010U.S. Consumer Credit Retrenchment Eases
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2010
U.S. Consumer Credit RetrenchmentEases
Consumers have backed away from reducing debt as rapidly as during last year. The Federal Reserve reported late-Friday that consumer credit outstanding rose $2.0B during March following a revised $6.0B February drop. That decline was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2010
U.S. Job Market Emits Mixed Signals; Payrolls & Jobless Rate Firm
Several factors made the latest job report, from the Bureau of Labor Statistics, an interesting read. The best news was an improvement in the rate of hiring. But that wasn't as encouraging as at first glance because it was accompanied [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2010
U.S. Job Market Emits MixedSignals; Payrolls & Jobless Rate Firm
Several factors made the latest job report, from the Bureau of Labor Statistics, an interesting read. The best news was an improvement in the rate of hiring. But that wasn't as encouraging as at first glance because it was accompanied [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2010
U.S. Initial Unemployment Insurance Claims Decline
The Bureau of Labor Statistics reported that initial claims for jobless insurance fell 7,000 to 444,000 after the prior week's lessened 8,000 drop. The latest level was near this cycle's lowest but fell slightly short of Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2010
U.S. Worker 1Q Productivity Growth Moderates, But Still Looks Strong Y/Y
Growth in worker productivity in the nonfarm business sector slowed last quarter to 3.6% from 6.3% during 4Q. A near-halving of output growth did not prompt as much of a cutback in aggregate hours-worked (employment times hours [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2010
U.S. Worker 1Q Productivity Growth Moderates, But Still Looks Strong Y/Y
Growth in worker productivity in the nonfarm business sector slowed last quarter to 3.6% from 6.3% during 4Q. A near-halving of output growth did not prompt as much of a cutback in aggregate hours-worked (employment times hours [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 05 2010
Challenger Layoffs Reach Cycle Low
The outplacement firm Challenger, Grey & Christmas reported that the level of layoffs fell last month to 38,326. It was the lowest level since mid-2006 and remained well under the cycle-high of 241,748 in January of last year. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 05 2010
ADP Report: Job Growth Resumes Led By The Service & Factory Sectors
Positive growth in the number of jobs has returned. The latest report from the payroll processor ADP, in their National Employment Report, indicated that private nonfarm payroll levels rose in April by 32,000, the third consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 05 2010
ADP Report: Job Growth Resumes Led By The Service & Factory Sectors
Positive growth in the number of jobs has returned. The latest report from the payroll processor ADP, in their National Employment Report, indicated that private nonfarm payroll levels rose in April by 32,000, the third consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2010
U.S. Pending Home Sales' Recovery Gains Steam
Following the recovery already reported for existing home sales, the National Association of Realtors (NAR) today indicated that March pending sales of existing single-family homes rose 5.3% from February. The gain left home sales up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2010
U.S. Vehicle Sales Slip From High
Forward momentum behind U.S. unit sales of light vehicles eased during April and sales fell 4.8% to 11.21M units (SAAR) from 11.78M in March. Nevertheless, sales remained up by nearly one-quarter from the recession low. April sales [...]
by:Tom Moeller
|in:Economy in Brief
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