Consumers continue to deleverage as the prospects for employment remain uncertain. The Federal Reserve reported late Friday that consumer credit outstanding fell for the eighth consecutive month during September. It also was the [...]
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 09 2009U.S. Consumer Credit Outstanding Continues To Fall
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2009
U.S. Consumer Credit OutstandingContinues To Fall
Consumers continue to deleverage as the prospects for employment remain uncertain. The Federal Reserve reported late Friday that consumer credit outstanding fell for the eighth consecutive month during September. It also was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2009
U.S. Jobless Rate Exceeds 10% While Payrolls Decline
The October employment report from the Bureau of Labor Statistics contained no good news on labor market conditions. That especially was true of the unemployment rate. It rose to 10.2%, the highest since early-1983 just following the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2009
U.S. Jobless Rate Exceeds 10%While Payrolls Decline
The October employment report from the Bureau of Labor Statistics contained no good news on labor market conditions. That especially was true of the unemployment rate. It rose to 10.2%, the highest since early-1983 just following the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2009
U.S. Weekly Initial Claims For Unemployment Insurance Lowest Since January
The Labor Department indicated that initial claims for unemployment insurance fell moderately to 512,000 last week from a little-revised 532,000. The latest figure represented material labor market improvement since it was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2009
3Q U.S. Worker Productivity Surges -- Strongest Since 2003
The U.S. labor market is clearly signaling that the recession is over. The magnitude of the 9.5% jump in nonfarm worker productivity during 3Q'09 wasn't unprecedented for this early in a recovery. Its size is noteworthy because the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2009
3Q U.S. Worker Productivity Surges-- Strongest Since 2003
The U.S. labor market is clearly signaling that the recession is over. The magnitude of the 9.5% jump in nonfarm worker productivity during 3Q'09 wasn't unprecedented for this early in a recovery. Its size is noteworthy because the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2009
FOMC Cites Economic Improvement But Leaves Rates Unchanged
In an anticipated and unanimous vote, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent." The discount rate also was left unchanged at 0.5%. The action was as expected and left the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2009
Challenger Layoffs Moderate Further
The outplacement firm of Challenger, Grey & Christmas indicated that job cut announcements fell further last month to a new current cycle low. Layoffs dropped to 55,679, compared to a high of 241,748 cuts in January of this year. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2009
U.S. ISM Nonmanufacturing Index Ticks Lower But Stays Near May '08 High
Improvement in service sector activity continued to be evident in the latest purchasing report. Though the October Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) ticked slightly lower to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2009
ADP Report: Payroll Employment Decline Continues But The Pace Moderates
Payroll employment fell again last month, but the rate of decline recently has eased. The latest report from the payroll processor ADP, in their National Employment Report, indicated that private nonfarm payrolls fell 203,000 during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2009
U.S. Vehicle Sales Recover During October
U.S. unit sales of light vehicles during October recovered from the "payback" month of September following the summer's "cash-for-clunkers" sales program. Sales rose 13.5% m/m to 10.46M units according to the Autodata Corporation. [...]
by:Tom Moeller
|in:Economy in Brief
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