The Bureau of Labor Statistics reported that for the second consecutive month, nonfarm payrolls fell. A 63,000 decline last month followed a downwardly revised 22,000 drop during January. The December job gain also was revised weaker. [...]
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| Mar 07 2008U.S. Payrolls Again Fell Unexpectedly
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2008
U.S. Factory Inventory Gain Strong, Orders Reverse December Rise
Factory inventories surged 1.3% in January and posted the strongest m/m increase since early 2005. It followed an upwardly revised 0.9% December increase. Together the gains lifted the three month annualized rate of increase to 12.0%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2008
U.S. Pending Home Sales Unchanged in January
The National Association of Realtors reported that the January level of pending sales of existing homes was unchanged from December. The reading contrasted slightly with Consensus expectations for a modest decline. The latest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2008
U.S. Weekly Jobless Insurance Claims Fell
Initial claims for unemployment insurance fell 24,900 to 351,000 last week. The decline reversed all of the 21,000 increase during the prior week which was revised to show a slightly stronger rise. During February claims averaged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2008
U.S. Factory Inventory Gain Strong, Orders Reverse December Rise
Factory inventories surged 1.3% in January and posted the strongest m/m increase since early 2005. It followed an upwardly revised 0.9% December increase. Together the gains lifted the three month annualized rate of increase to 12.0%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2008
Challenger Layoffs Down Last Month
Challenger, Grey & Christmas reported that job cut announcements in February fell to 72,091 after 74,986 cuts during January. The average of announcements so far in 2008 is slightly below the 2007 average. Job cut announcements rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2008
U.S. ISM Non-Manufacturing Index Somewhat Improved
The Business Activity Index for the non-manufacturing sector, from the Institute for Supply Management, last month improved somewhat to a reading of 50.8 from 41.9 in January. Consensus expectations had been for less of an improvement [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2008
ADP Report: Private Payrolls Fell
The ADP National Employment Report, from the payroll processor, indicated that private nonfarm payrolls fell 23,000 last month after a slightly revised increase of 119,000 during January.
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2008
U.S. Productivity Growth Revised Little, Unit Labor Costs Revised Up
Nonfarm labor productivity growth during 4Q07 was revised little, to 1.9% growth from 1.8% reported initially. The figure still is a marked slowdown from the 3Q figure of 6.3% during 3Q07 which was revised up slightly. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2008
U.S. Productivity Growth Revised Little, Unit Labor Costs Revised Up
Nonfarm labor productivity growth during 4Q07 was revised little, to 1.9% growth from 1.8% reported initially. The figure still is a marked slowdown from the 3Q figure of 6.3% during 3Q07 which was revised up slightly. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2008
U.S. Chain Store Sales Down Last Week, Up Last Month
The International Council of Shopping Centers ICSC-UBS Chain Store survey indicated that chain store sales fell 0.6% last week. The decline finished a four week period during which sales moved sideways. However, due to a firm 1.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2008
U.S. Vehicle Sales in February Remained Low, Gasoline Price Up
With just a 0.3% m/m uptick, the increase in U.S. sales of light vehicles last month did little to recover a 5.4% January drop. At a 15.38M unit annual selling rate, sales remained quite low. According to the Autodata Corporation [...]
by:Tom Moeller
|in:Economy in Brief
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