The current recession has been harshest in the labor market. Employers look to cut costs as top-line revenues falter. Though the June unemployment rate of 9.5% was below the 1981-82 peak of 10.8%, the speed of the rate's recent [...]
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| Jul 20 2009U.S. Unemployment Rates RiseSharply And Rapidly For All
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2009
U.S. Housing Starts Post A Surprising Gain During June
Perhaps this is the convincing sign that housing activity has turned the corner from its dramatic decline. Housing starts increased to 582,000 (AR) units last month versus 562,000 starts during May which was revised up from 532,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2009
U.S. Housing Starts Post A Surprising Gain During June
Perhaps this is the convincing sign that housing activity has turned the corner from its dramatic decline. Housing starts increased to 582,000 (AR) units last month versus 562,000 starts during May which was revised up from 532,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2009
U.S. Home Builders’ Index Recovers To Its Highest Since June '08
According to the National Association of Home Builders, improvement in the housing market continued during July. Their Composite Housing Market Index recovered the June slip and rose to 17, which equaled the highest level since June [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2009
Empire State Factory Conditions Improved To Best In Over One Year
The Federal Reserve Bank of New York reported yesterday that its Empire State Factory Index of General Business Conditions improved to its highest level since April of last year. The latest reading of -0.55 compares to sharply [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2009
Philadelphia Fed Index Remains Somewhat Weak
The Philadelphia Federal Reserve Bank indicated that, during July, factory sector activity in the region continued to contract. The rate of decline even quickened versus June as indicated by the Index of General Activity in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2009
Sharp Decline In U.S. Claims For Jobless Insurance Suggests Labor Market Improvement
Conditions in the labor market improved further last week as evidenced by a sharp decline in both initial and continuing claims for unemployment insurance. For the second consecutive week, the report on initial claims was surprising. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 16 2009
Philadelphia Fed Index Remains Somewhat Weak
The Philadelphia Federal Reserve Bank indicated that, during July, factory sector activity in the region continued to contract. The rate of decline even quickened versus June as indicated by the Index of General Activity in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 15 2009
U.S. Factory Production Declines Again While Plant Utilization Reaches A Record Low
Perhaps the decline in industrial production has moderated this year, but it's tough to say for sure given the very erratic size of the month-to-month declines; big one month, small the next. Last month, industrial output which [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2009
U.S. Small Business Optimism Slips From Eight Month High
According to the National Federation of Independent Business (NFIB), small business optimism slipped last month from May but the index level of 87.8 still was its highest level since last November. Optimism remained down 1.6% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2009
Gasoline Prices Decline Further
The loss of forward momentum in the U.S. economy continued to weaken prices in the energy market. Yesterday, the cash market price for a gallon of regular gasoline fell to $1.60 versus the daily high of $2.04 reached in the middle of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 14 2009
U.S. PPI Jumps With Higher Gasoline Prices; Core Prices Firm As Well
The economic recession may be restraining pricing power generally, but not last month. The PPI for finished goods jumped 1.8% after a 0.2% uptick during May. Consensus expectations had been for a 0.9% increase. The real news, however, [...]
by:Tom Moeller
|in:Economy in Brief
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