Non-farm labor productivity growth last quarter was revised upward to 1.6%, about as expected. The gain remained, however, quite a bit slower than the 2.7% average quarterly growth during the prior four quarters. Compensation growth [...]
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| Sep 06 20062Q U.S. Productivity Revised Up, Compensation Surged
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2006
Challenger Layoffs Back Up
Announced job cuts in August, reported by Challenger, Grey & Christmas, reversed nearly all of a whopping July decline. The 28,100 increase to 65,278 pulled the three month moving average up 7.3% but it was still 40.4% than last year. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2006
Home Prices: Sporadic Regional Declines
The Office of Federal Housing Enterprise Oversight (OFHEO) reported that during 2Q '06, home prices rose 1.2% q/q and that it was the slowest gain since 4Q '99. The OFHEO house price index is a geometric weighted average based on more [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2006
U.S. Construction Spending Drop Largest Since 2001
In July, the value of construction put in place dropped 1.2% following a little revised 0.4% gain during June. Consensus expectations had been for a 0.1% decline. The m/m drop was the largest since July 2001 and lowered the opening [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 05 2006
U.S. Construction Spending Drop Largest Since 2001
In July, the value of construction put in place dropped 1.2% following a little revised 0.4% gain during June. Consensus expectations had been for a 0.1% decline. The m/m drop was the largest since July 2001 and lowered the opening [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2006
U.S. Consumer Sentiment Firmed in Late August
Consumer sentiment in late August firmed enough to limit the m/m decline for the full month to 3.2%, according to the University of Michigan. The full month reading of 82.0 compared favorably to Consensus expectations for a decline to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2006
ISM Index About Stable, Prices Down
At 54.5, the August composite index of manufacturing sector activity from the Institute for Supply Management was about stable with the July figure of 54.7. Consensus expectations had been for a reading of 54.9. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2006
U.S. Payrolls On Target
In August, nonfarm payrolls rose 128,000 and about matched Consensus expectations for a 125,000 gain. For the prior month, the increase was upwardly revised up slightly to 121,000. Year to date payrolls have risen an average 141,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2006
U.S. Payrolls On Target
In August, nonfarm payrolls rose 128,000 and about matched Consensus expectations for a 125,000 gain. For the prior month, the increase was upwardly revised up slightly to 121,000. Year to date payrolls have risen an average 141,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
Help-Wanted Advertising: How Low Can It Go?
The Conference Board's Index of Help-Wanted Advertising dropped to new forty five year low of 32 in July after revised stability in June at 34. During the last ten years there has been a 57% correlation between the level of help- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
U.S. Factory Inventories Again Firm
Factory inventories rose 0.6% last month after a revised 0.9% June jump. The 8.1% annual rate of accumulation through July is double the rate of accumulation during all of last year. Primary metals inventories again were firm and rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
Initial Claims for Jobless Insurance Dip
Last week, initial claims for unemployment insurance fell 2,000 to 316,000 after an upwardly revised 4,000 increase during the prior week. Consensus expectations had been for 315,000 claims. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
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