Non-farm labor productivity growth last quarter slowed to 1.1% from the heady, upwardly revised 4.3% growth rate during 1Q. The gain was slightly ahead of Consensus expectations for 0.8% growth. Revisions extended back to 2003. Due to [...]
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| Aug 08 20062Q U.S. Productivity Up 1.1%, Costs Accelerated
by:Tom Moeller
|in:Economy in Brief
Global| Aug 08 20062Q U.S. Productivity Up 1.1%, Costs Accelerated
Non-farm labor productivity growth last quarter slowed to 1.1% from the heady, upwardly revised 4.3% growth rate during 1Q. The gain was slightly ahead of Consensus expectations for 0.8% growth. Revisions extended back to 2003. Due to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2006Forecast: Investment Spending on the Wane
U.S. real GDP growth of 2.5% last quarter disappointed due to subtractions from the investment side of the ledger. A 0.1 percentage point subtraction due to lower business spending on equipment & software (-1.0% AR, +6.9% y/y) was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2006Forecast: Investment Spending on the Wane
U.S. real GDP growth of 2.5% last quarter disappointed due to subtractions from the investment side of the ledger. A 0.1 percentage point subtraction due to lower business spending on equipment & software (-1.0% AR, +6.9% y/y) was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2006U.S. Payrolls & Wages Moderate
July nonfarm payrolls rose 113,000 and the increase fell short of Consensus expectations for a 142,000 gain. Revisions increased slightly the rise in June payrolls to 124,000 and the rise in May payrolls to 100,000. Year to date [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2006U.S. Payrolls & Wages Moderate
July nonfarm payrolls rose 113,000 and the increase fell short of Consensus expectations for a 142,000 gain. Revisions increased slightly the rise in June payrolls to 124,000 and the rise in May payrolls to 100,000. Year to date [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2006U.S. Factory Inventory Accumulation Strong
Factory inventories rose 0.8% during June for the fifth month of firm accumulation this year. Year to date inventories have risen at a 7.8% annual rate, nearly double the rate of accumulation during all of last year. Primary metals [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2006ISM Nonmanufacturing Index Off
The Institute for Supply Management (ISM) reported that the July Business Activity Index for the non-manufacturing sector fell for the third straight month. The 2.2 point m/m decline to 54.8 exceeded Consensus expectations for a drop [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2006Initial Claims for Unemployment Insurance Rose
Initial claims for unemployment insurance increased 14,000 to 315,000 last week following a revised 4,000 drop the prior week. Consensus expectations had been for 310,000 claims and during all of July claims averaged 314,000, up a bit [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2006Initial Claims for Unemployment Insurance Rose
Initial claims for unemployment insurance increased 14,000 to 315,000 last week following a revised 4,000 drop the prior week. Consensus expectations had been for 310,000 claims and during all of July claims averaged 314,000, up a bit [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 02 2006Mortgage Applications Down Further
A 1.2% decline last week in the total number of mortgage applications extended the recent decline to three consecutive weeks. Applications for all of July fell 1.9% from June when applications fell 1.5% from May. Lower purchase [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 02 2006U.S. Vehicle Sales Up, But Struggle Against Incentives Last Year
US light vehicle sales in July rose 5.8% m/m to 17.24M units, according to the Autodata Corporation. July sales were the highest since this past January and the figure beat Consensus expectations for sales of 16.6M units. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
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