The National Association of Realtors reported that the level of pending sales of existing homes rose an unexpected 6.3% during April. A slight decline in sales had been the Consensus expectation. While a m/m rise in sales is normally [...]
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| Jun 09 2008U.S. Pending Home Sales in April Rose Unexpectedly
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2008
U.S. Jobless Rate of 5.5% Highest Since 2004, Payrolls Fell A Fifth Month
From the Bureau of Labor Statistics household sector survey, the unemployment rate surged to 5.5% in May from an April level of 5.0%. A level of 5.1% had been expected. The increase owed to a 285,000 worker decline in employment which [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2008
U.S. Jobless Rate of 5.5% Highest Since 2004, Payrolls Fell A Fifth Month
From the Bureau of Labor Statistics household sector survey, the unemployment rate surged to 5.5% in May from an April level of 5.0%. A level of 5.1% had been expected. The increase owed to a 285,000 worker decline in employment which [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2008
U.S. Mortgage Foreclosures Rose Further
The Mortgage Bankers' Association reported that during the 1st quarter of this year, foreclosures were started on .99% of all mortgages outstanding. That latest level was again by far the highest foreclosure rate on record. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2008
U.S. Household Net Worth Down Again
The net worth of the U.S. household sector deteriorated during 1Q to $55.97 trillion, down from the 3Q '07 record level of $58.196B. Net worth last quarter also fell 1.0% from a year earlier value of $56.532B Household sector assets [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2008
U.S. - Rise in Initial Unemployment Insurance Claims Leveled Out
Initial claims for unemployment insurance fell slightly last week to 357,000 from an upwardly revised 375,000 during the prior week. Consensus expectations had been for claims to remain unchanged. The four week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2008
U.S. - Rise in Initial Unemployment Insurance Claims Leveled Out
Initial claims for unemployment insurance fell slightly last week to 357,000 from an upwardly revised 375,000 during the prior week. Consensus expectations had been for claims to remain unchanged. The four week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2008
ADP Report: May Private Sector Payrolls Rose
The ADP National Employment Report, from the payroll processor, reported that private nonfarm payrolls rose 40,000 last month after a slightly revised increase 13,000 during April. >The U.S. Bureau of Labor Statistics May employment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2008
U.S. ISM Non-Manufacturing Index Fell in May; Prices Rose
The May Composite Index for the non-manufacturing sector, from the Institute for Supply Management, held about steady with April at 51.7; an improvement from 49.6 in March and well up from the recent low of 44.6 in January. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2008
Challenger Layoffs Highest Since 2005
During May, job cut announcements continued to rise according to the Challenger, Grey & Christmas survey. A 15% increase from April to 103,522 pulled the level to its highest since December 2005. Since December announcements have more [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2008
U.S. Productivity Growth Revised Up; Unit Labor Costs Rose Moderately
Labor productivity in the nonfarm business sector rose a revised 2.6% last quarter, as expected. That increase was stronger than the 2.2% growth estimated last month and was up from 1.8% growth during 4Q07. The upward revision was due [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2008
U.S. Light Vehicle Sales Down in May; Truck Sales Lowest Since 1996
U.S. sales of light vehicles in May fell another 1.1% m/m to a 14.30M unit annual selling rate, according to the Autodata Corporation. It was the fourth m/m decline this year and so far in 2008 vehicle sales have fallen 11.7%. The [...]
by:Tom Moeller
|in:Economy in Brief
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