The employment cost index for private industry workers increased 0.8% during 2Q, about as expected, after an unrevised 0.6% 1Q increase. The 2Q increase was the fastest in over a year. Wages & salaries grew at the quickest pace (0.9%) [...]
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| Jul 28 2006Gain in the Employment Cost Index Accelerated
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2006
US GDP Growth Slowed
U.S. real GDP growth last quarter slowed to 2.5% (AR) from 3.7% during the prior four quarters and the figure fell short of Consensus expectations for a 3.0% advance. Much of the disappointment stemmed from a meager 2.7% advance in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 28 2006
US GDP Growth Slowed
U.S. real GDP growth last quarter slowed to 2.5% (AR) from 3.7% during the prior four quarters and the figure fell short of Consensus expectations for a 3.0% advance. Much of the disappointment stemmed from a meager 2.7% advance in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2006
Help-Wanted Advertising Remained Low
The Conference Board's Index of Help-Wanted Advertising remained at its forty five year low of 33 in June. During the last ten years there has been a 57% correlation between the level of help-wanted advertising and the three month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2006
Initial Jobless Insurance Claims Fell Further
A 7,000 worker decline last week in initial claims for unemployment insurance to 298,000 followed a little revised 129,000 slide during the prior period and pulled claims to the lowest level in six weeks. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2006
U.S. Durable Goods Orders Surged
New orders for durable goods surged 3.1% in June after an upwardly revised 0.3% increase during the prior month. Consensus expectations had been for a somewhat lesser 2.0% jump. An 8.8% rise in orders for nondefense aircraft & parts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2006
New Home Sales & Prices Fell
Sales of new single family home sales fell 3.0% during June to 1.131M (SAAR) and the prior month's increase was revised down sharply to just 0.5%. Consensus expectations had been for June sales of 1.17M. New home sales during the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 27 2006
New Home Sales & Prices Fell
Sales of new single family home sales fell 3.0% during June to 1.131M (SAAR) and the prior month's increase was revised down sharply to just 0.5%. Consensus expectations had been for June sales of 1.17M. New home sales during the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2006
Chicago Fed Nat'l Activity & Richmond Fed Factory Indexes Up
The National Activity Index (CFNAI) from the Federal Reserve Bank of Chicago rose to the highest level (0.34) since March. The gain, nevertheless, failed to prevent the 2Q average from falling to 0.11 from 0.24 in 1Q. The three-month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2006
Mortgage Applications Wilt Under Summer Heat
The total number of mortgage applications fell another 1.3% last week and pulled applications so far in July down 1.0% from the prior month's average. Applications in June fell 1.5% from May. Purchase applications added 2.4% to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2006
Mortgage Applications Wilt Under Summer Heat
The total number of mortgage applications fell another 1.3% last week and pulled applications so far in July down 1.0% from the prior month's average. Applications in June fell 1.5% from May. Purchase applications added 2.4% to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2006
Modest Gains in Weekly Chain Store Sales Leave Month Short
Weekly chain store sales edged up 0.2% last week but the rise failed to recover the prior week's 0.6% decline, according to the International Council of Shopping Centers (ICSC)-UBS survey. Together with a similar 0.2% up tick in [...]
by:Tom Moeller
|in:Economy in Brief
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