Non-farm payrolls increased just 78,000 in May, the weakest rise since 2003. The prior month's strong gain was revised slightly higher but March was revised lower. Consensus expectations had been for a 180,000 May increase. Widespread [...]
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 03 2005U.S. Job Gain Well Short of Expectations
by:Tom Moeller
|in:Economy in Brief
Global| Jun 03 2005U.S. Job Gain Well Short of Expectations
Non-farm payrolls increased just 78,000 in May, the weakest rise since 2003. The prior month's strong gain was revised slightly higher but March was revised lower. Consensus expectations had been for a 180,000 May increase. Widespread [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2005U.S. Factory Inventory Growth Slowed
Factory inventories rose just 0.1% in April following an upwardly revised 0.7% gain in March. These gains lowered the three month growth in inventories to 5.8%, nearly half the high rate of accumulation set last summer. These figures [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2005Challenger Layoffs Higher in May
Job cut announcements jumped in May, however, the 42.2% m/m rise did not reverse all of the prior month's plunge. Therefore, the three month average of job cut announcements fell further to the lowest level since last August. During [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2005Initial Claims for Jobless Insurance Jumped
Initial claims for unemployment insurance jumped 25,000 last week to 350,000, the highest level since late March. The prior week's level was revised up slightly and Consensus expectations had been for 325,000 claims. The rise in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2005U.S. Productivity Revised Higher But Compensation Strong
Non-farm labor productivity growth about matched Consensus expectations and was revised higher to 2.9%. A surprise, however, was that compensation costs were revised up in 1Q to 6.3% and up sharply to 10.4% in 4Q04. As a result of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2005U.S. Light Vehicle Sales Fell
May sales of light vehicles reversed all of the prior month's gain and fell 4.5% to 16.67M according to the Autodata Corporation. Car sales were notably weak following a firm April and fell 7.5%. So far this year the average level of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 02 2005U.S. Light Vehicle Sales Fell
May sales of light vehicles reversed all of the prior month's gain and fell 4.5% to 16.67M according to the Autodata Corporation. Car sales were notably weak following a firm April and fell 7.5%. So far this year the average level of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 01 2005Mortgage Applications Off Again
Total mortgage applications last week gave back more than half of the prior week's bounce and fell 2.8%. Applications so far in May are 6.5% ahead of April, according to the Mortgage Bankers Association. Purchase applications dropped [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 01 2005Weekly Chain Store Sales Fell For Third Week
After a reasonable start in May, chain store sales subsequently fell during the last three weeks according to the International Council of Shopping Centers (ICSC)-UBS survey. Sales fell 1.0% last week and pulled the May average just [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 01 2005U.S. Construction Again Led Higher By Residential Building
The total value of construction put in place rose another 0.5% in April and about matched Consensus expectations for a 0.7% gain. Private residential building activity rose 0.6% for the second month but the value of new single family [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 01 2005ISM Factory Index Fell Again
In a move foreshadowed by earlier reports from regions around the US, the May Composite Index of activity in the manufacturing sector compiled by the Institute of Supply Management fell another 1.9 points to 51.4. The index has fallen [...]
by:Tom Moeller
|in:Economy in Brief
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