According to the Challenger, Grey & Christmas survey, job cut announcements in April surged to 90,015 from 53,579 in March. The three month average of announcements drifted to its highest level since November 2006. The three month [...]
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| May 01 2008Challenger Layoffs Surged
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2008
U.S. Initial Claims for Unemployment Insurance Back Up
Initial claims for unemployment insurance claims reversed the prior period's decline and rose 35,000 last week to 380,000. Consensus expectations had been for claims to total 360,000 last week. The four week moving average of initial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2008
ISM Factory Sector Index Unchanged, Prices Surged
For April, the Institute of Supply Management (ISM) reported its Composite Index of Manufacturing Sector Activity remained unchanged from March at 48.6. That was slightly better than Consensus expectations for a decline to 48.0 but [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2008
U.S. Real DPI Flat in March, Trend Growth Reduced
Disposable personal income grew 0.3% in March, but adjusted for a 0.3% increase in prices, income was flat. During February, however, real income rose 0.3%. As a result, the 1.9% three month growth rate in real DPI was up slightly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2008
U.S. Real DPI Flat in March, Trend Growth Reduced
Disposable personal income grew 0.3% in March, but adjusted for a 0.3% increase in prices, income was flat. During February, however, real income rose 0.3%. As a result, the 1.9% three month growth rate in real DPI was up slightly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2008
FOMC Lowers Fed Funds Rate by 25 Basis Points
The Federal Open Market Committee again lowered the Federal funds rate today by 25 basis points to 2.00% in a move that was widely expected. The funds rate was last this low in December, 2004. The discount rate was lowered another 25 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2008
U.S. Employment Cost Index Steady At 0.8% Quarterly Increase
Rising 0.8% last quarter, the employment cost index for private industry workers remained about steady with the 4Q '07 increase. The gain matched Consensus expectations. In addition, the gain in total compensation in 1Q was roughly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2008
ADP Report: April Private Sector Payrolls Again Rose Slightly
The ADP National Employment Report, from the payroll processor, reported that private nonfarm payrolls rose 10,000 this month after a slightly revised increase of 3,000 during March.
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2008
U.S. 1Q'08 GDP Stable at 0.6%, Two Quarter Growth At Recession Level
U.S. real GDP growth during 1Q'08 remained stable with the prior quarter at 0.6%, about as expected. Together, growth during the last two quarters was the weakest since the end of the last recession in 2001. Negative 0.4% 1Q growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 30 2008
FOMC Lowers Fed Funds Rate by 25 Basis Points
The Federal Open Market Committee again lowered the Federal funds rate today by 25 basis points to 2.00% in a move that was widely expected. The funds rate was last this low in December, 2004. The discount rate was lowered another 25 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2008
Case-Shiller Home Price Index Posts 12.7% y/y Decline
The S&P/Case-Shiller Composite 20 home price index fell 2.7% m/m in February and that followed declines of similar magnitude during the prior three months. This index of U.S. home prices has fallen in each month since its peak in July [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 29 2008
Consumer Confidence Fell in April, As Expected
The Conference Board reported that consumer confidence in April fell 5.5% after a 13.7% m/m decline in March. That March decline was slightly less than indicated initially and the April drop about matched Consensus expectations. The [...]
by:Tom Moeller
|in:Economy in Brief
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