The Federal Reserve reported that consumer credit outstanding rose just 1.7% during all of last year. That growth in U.S. credit usage was its lowest since 1993. The slowdown was led by revolving credit outstanding (credit cards), [...]
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| Feb 09 2009Consumer Credit Growth Under Wraps
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2009
U.S. Payrolls Slashed 598,000; Jobless Rate Rose To 7.6%
The bad news from the labor market continued unabated last month. The Bureau of Labor Statistics indicated that January nonfarm payrolls were slashed by 598,000 after cuts of 577,000 and 597,000 during the prior two months. Both of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2009
U.S. Payrolls Slashed 598,000; Jobless Rate Rose To 7.6%
The bad news from the labor market continued unabated last month. The Bureau of Labor Statistics indicated that January nonfarm payrolls were slashed by 598,000 after cuts of 577,000 and 597,000 during the prior two months. Both of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2009
U.S. Factory Inventories Lower Still
The correction of factory inventory levels has picked up steam. In December, the 1.4% decline followed a 0.5% November drop that was roughly double the initial estimate of -0.3%. On a three-month basis, the rate of decline accelerated [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2009
U.S. Worker Productivity Growth Up, Unit Costs Ease
During last year's fourth quarter, labor productivity in the nonfarm business sector rose 3.2% (AR), up sharply from a 1.5% increase during 3Q. The rise pulled growth for the whole year up to 2.8% which doubled the gain during all of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2009
U.S. Initial Claims For Jobless Insurance Highest Since 1982, Continuing Claims Reach Another Record
U.S. labor market conditions became more bleak last week as initial claims for unemployment insurance jumped 35,000 to 626,000. Moreover, the prior week's modest increase was revised up slightly and the latest level by far surpassed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2009
U.S. Initial Claims For Jobless Insurance Highest Since 1982, Continuing Claims Reach Another Record
U.S. labor market conditions became more bleak last week as initial claims for unemployment insurance jumped 35,000 to 626,000. Moreover, the prior week's modest increase was revised up slightly and the latest level by far surpassed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2009
Challenger Layoffs Highest Since 2002
Challenger, Grey & Christmas reported that January job cut announcements soared to 241,749 following 166,348 layoffs during December. The latest figure was the highest since early-2002. Job cut announcements in the retail industry led [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2009
U.S. ISM Nonmanufacturing Index Moved Higher Again
The January Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) rose for the second consecutive month. The rise to 42.9 raised the level to its highest since October and it was much firmer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2009
January U.S. Light Vehicle Sales Lowest Since 1982
Consumers' aversion to purchasing autos continued last month. U.S. sales of light vehicles fell a surprising 7.1% m/m to 9.57M (SAAR) from 10.31M during December. Sales of 10.2M had been expected for January. The latest figure was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2009
ADP Report: Payroll Employment Fell Another 522,000
In its latest National Employment Report, the payroll processor ADP indicated that private nonfarm payrolls fell 522,000 during January after a revised 659,000 decline during December. The decline was the thirteenth consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2009
ADP Report: Payroll EmploymentFell Another 522,000
In its latest National Employment Report, the payroll processor ADP indicated that private nonfarm payrolls fell 522,000 during January after a revised 659,000 decline during December. The decline was the thirteenth consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 749 page