Nonfarm payrolls last month rose 92,000 and for the second month fell short of Consensus expectations which were for a 125,000 rise. However, again for the second month, upward revisions to prior months' increases left the impression [...]
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| Nov 03 2006U.S. Payroll Report: More Upward Revisions
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2006
Challenger Layoffs Back Down
Announced job cuts reported by Challenger, Grey & Christmas for October retraced most of the prior month's jump with a 31,138 decline to 69,177. The three month moving average of layoff announcements nevertheless rose to 78,257, its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2006
U.S. Factory Inventory Accumulation Continued
Factory inventories rose 0.6% last month. That matched the gain during July, which was upwardly revised, and it pulled the y/y change up to 7.4%, the fastest since early 2005. Though petroleum inventories have fallen in recent months, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2006
U.S. Productivity Unchanged
Non-farm labor productivity last quarter was unchanged from 2Q and the figure fell short of Consensus expectations for a 1.3% rise. While the q/q change was disappointing, similar weakness just last year was followed by recovery. This [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2006
Initial Claims for Unemployment Insurance Jumped
Initial claims for unemployment insurance jumped 18,000 last week to 327,000 from a little revised level during the prior period. Consensus expectations had been for 310,000 claims during the latest week. There apparently were no [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2006
U.S. Vehicle Sales Retraced Earlier Increase
In October, a 2.8% decline in U.S. sales of light vehicles to 16.16M units retraced most of the prior month's 3.5% increase, according to the Autodata Corporation. During the first ten months of 2006 vehicle sales averaged 16.58M [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2006
U.S. Vehicle Sales Retraced Earlier Increase
In October, a 2.8% decline in U.S. sales of light vehicles to 16.16M units retraced most of the prior month's 3.5% increase, according to the Autodata Corporation. During the first ten months of 2006 vehicle sales averaged 16.58M [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2006
U.S. Construction Spending Down
The value of construction put in place fell 0.3% during September after a slight decline the prior month which was downwardly revised. Consensus expectations had been for a 0.1% gain and it was the third decline in three months. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2006
Mortgage Applications Fell Hard
The total number of mortgage applications fell a hard 3.0% last week and pulled the average number of applications down 0.6% during October, according to the Mortgage Bankers Association. That was the first m/m decline in total [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2006
ISM Composite Index Fell, Price Index Below 50
The Institute for Supply Management reported that last month's composite index of manufacturing sector activity fell to 51.2 from 52.9 during September. The decline was the fifth in the last six months and was to the lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2006
ADP Reported Hiring Improved During October
The payroll processor ADP reported that the Nat'l Employment Report indicated a rise in private nonfarm payrolls of 128,000 last month. The October figure from the U.S. Bureau of Labor Statistics will be published this Friday. ADP's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2006
ADP Reported Hiring Improved During October
The payroll processor ADP reported that the Nat'l Employment Report indicated a rise in private nonfarm payrolls of 128,000 last month. The October figure from the U.S. Bureau of Labor Statistics will be published this Friday. ADP's [...]
by:Tom Moeller
|in:Economy in Brief
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