Nonfarm payrolls rose a modest 75,000 during May, the weakest increase since last October. Moreover, job gains during the prior two months were revised down by a cumulative 37,000 while the May gain fell short of Consensus [...]
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| Jun 02 2006U.S. Employment & Wage Growth Slowed
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
Challenger Layoffs Fell Again
The Challenger, Grey & Christmas survey indicated that announced job cuts fell another 10.0% last month and have now fallen in each month of 2006. The decline was to the lowest level since late 2000. During the last ten years there [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
Home Prices Rose More Slowly
Home prices as measured by the Office of Federal Housing Enterprise Oversight (OFHEO) rose another 2.0% last quarter. The increase was the slowest after rising between 2.5% and 4.5% each quarter for two years. The OFHEO house price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
U.S. Construction Spending Slipped
The value of construction put in place slipped 0.1% in April after a downwardly revised 0.9% March increase. Consensus expectations had been for no change. Residential building reversed all of a downwardly revised 1.0% March gain. New [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
ISM Index Decline Reflected Broad Component Weakness
The Institute of Supply Management (ISM) reported that the May Composite Index of factory sector activity reversed more than all of the prior month's gain and fell to 54.4. Consensus expectations had been for a more moderate decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
Initial Claims for Jobless Insurance Rose
Initial unemployment insurance claims rose 7,000 last week to 336,000 from an unrevised level the prior week. Consensus expectations had been for 320,000 claims. The four week moving average of initial claims rose to 333,500 (-0.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
1Q U.S. Productivity Revised Up
Non-farm labor productivity growth during 1Q '06 was revised up to 3.7% from the 3.2% reported last month. The updated figure fell short of Consensus expectations for a revision to 4.0%. Faster growth in output accounted for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2006
Home Prices Rose More Slowly
Home prices as measured by the Office of Federal Housing Enterprise Oversight (OFHEO) rose another 2.0% last quarter. The increase was the slowest after rising between 2.5% and 4.5% each quarter for two years. The OFHEO house price [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2006
ADP Nat'l Employment Report: Slimmer Gain in May Payrolls
The Nat'l Employment Report published by ADP, the payroll processors for many employers, indicated that nonfarm private payrolls in May increased 122,000. For April, a 178,000 rise in ADP's nonfarm private payrolls was accompanied by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2006
Mortgage Applications Off
The total number of mortgage applications fell another 1.9% last week on the heels of the prior week's 6.0% decline. The weakness dropped the average level in May 2.2% below April and 30.0% below last June. Purchase applications fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2006
Chain Store Sales Fell Sharply
Chain store sales fell sharply last week. The 1.0% w/w decline followed a similar 0.8% drop the prior week, reported the International Council of Shopping Centers (ICSC)-UBS. Declines during three of the four weeks this month pulled [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 31 2006
ADP Nat'l Employment Report: Slimmer Gain in May Payrolls
The Nat'l Employment Report published by ADP, the payroll processors for many employers, indicated that nonfarm private payrolls in May increased 122,000. For April, a 178,000 rise in ADP's nonfarm private payrolls was accompanied by [...]
by:Tom Moeller
|in:Economy in Brief
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