The labor market improved last month. Moreover, accompanying data showed that earlier labor market deterioration was not as large as reported initially. The Bureau of Labor Statistics reported that nonfarm payrolls fell 11,000 in [...]
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| Dec 04 2009U.S. Payrolls Decline Minimallyand Unemployment Rate Falls Unexpectedly
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2009
3Q U.S. Worker Productivity Strength Revised Lower & Unit Costs Up
Last quarter's strength in productivity growth was revised lower with the reduced reading on GDP. Nevertheless, the revised 8.1% jump remained the strongest since 3Q '03 and fell just short of Consensus expectations for an 8.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2009
U.S. ISM Nonmanufacturing Index Slips Again
Unexpectedly, the November Composite Index for the nonmanufacturing sector deteriorated for the second consecutive month. The figure from the Institute for Supply Management (ISM) fell below the break-even level of 50 to 48.7 and fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2009
U.S. Weekly Initial Claims For Jobless Insurance Fall Further
The improved economy pushed initial claims for unemployment insurance down to a 15-month low. The Labor Department indicated that during the latest week, which included the Thanksgiving holiday, claims fell to 457,000 from a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 03 2009
U.S. Weekly Initial Claims For Jobless Insurance Fall Further
The improved economy pushed initial claims for unemployment insurance down to a 15-month low. The Labor Department indicated that during the latest week, which included the Thanksgiving holiday, claims fell to 457,000 from a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 02 2009
U.S. Construction Flat In October With Downward Revisions To Prior Months
It's the same story as in prior months, only more-so. October construction spending was unchanged after revisions lowered earlier months' activity. September outlays now are reported down 1.6%, double last months' estimate. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2009
Challenger Layoffs Move To Lowest Since Late-2007
The outplacement firm of Challenger, Grey & Christmas indicated that job cut announcements fell last month to 50,349, compared to a high of 241,748 in January of this year. The latest reading was the least number of layoffs since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2009
U.S. Vehicle Sales Move Slightly Higher During November
U.S. unit sales of light vehicles during November showed that consumers' interest in making big-ticket purchases is recovering from the recession lows. Sales rose 4.5% m/m to 10.93M units according to the Autodata Corporation. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2009
ADP Report: U.S. Payroll Employment Decline Moderates Further
Payroll employment fell again last month, but the rate of decline slowed further. The latest report from the payroll processor ADP, in their National Employment Report, indicated that private nonfarm payrolls fell 169,000 during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2009
U.S. Construction Flat In OctoberWith Downward Revisions To Prior Months
It's the same story as in prior months, only more-so. October construction spending was unchanged after revisions lowered earlier months' activity. September outlays now are reported down 1.6%, double last months' estimate. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2009
U.S. Pending Home Sales Rise Further
Home sales continued to rebound in October, spurred by low interest rates and a tax credit. The National Association of Realtors (NAR) reported that October pending home sales increased 3.7%. It was the ninth consecutive monthly gain [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 01 2009
Weekly Gasoline Prices Are Flat Again
Gasoline prices continued their sideways movement last week. The pump price for regular gasoline of $2.63 per gallon equaled the June average. Moreover, during the six months, prices moved in a tight range between $2.47 and $2.69. [...]
by:Tom Moeller
|in:Economy in Brief
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