In 1Q05, non-farm labor productivity rose 2.6% versus Consensus expectations for a 1.9% gain. The gain was the quickest in three quarters yet growth year to year slowed to 2.5% from its peak of 5.5% early last year. The surprise [...]
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| May 05 2005U.S. Productivity Slightly Higher Than Expected
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2005
Mortgage Applications Lower Again in April
Total mortgage applications ticked up 0.2% last week but the change left the average level in April down 0.9% from March and down a third from last year's peak level, according to the Mortgage Bankers Association. Applications to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2005
ISM Non-Manufacturing Index Fell Slightly
The Institute for Supply Management reported that the April Business Activity Index for the non-manufacturing sector fell to 61.7 from 63.1 in March. The index had risen for two successive months but because of a sharp decline in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2005
U.S. Light Truck Sales Crimped by Higher Gasoline Prices
Sales of light vehicles in April managed to rise 3.7% versus March despite a meager 1.6% gain in sales of light trucks. According to Autodata Corporation total light vehicle sales rose to 17.46M. Gasoline prices averaged a record [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2005
U.S. Light Truck Sales Crimped by Higher Gasoline Prices
Sales of light vehicles in April managed to rise 3.7% versus March despite a meager 1.6% gain in sales of light trucks. According to Autodata Corporation total light vehicle sales rose to 17.46M. Gasoline prices averaged a record [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2005
FOMC Lifts Funds Rate to 3.00%
The Federal Open Market Committee raised the target rate for federal funds an expected 25 basis points to 3.00%. The discount rate also was raised 25 basis points to 4.00%. The unanimous decision to raise rates was the eighth since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2005
U.S. Factory Inventories Rose
Factory inventories rose 0.6% in March following an upwardly revised like increase in February. Higher oil prices recently have lifted these gains, but not a lot, as petroleum refinery inventories rose 3.2% (22.4% y/y). Less [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2005
Chain Store Sales Gain
Chain store sales gained 0.5% during the final week of April according to the International Council of Shopping Centers (ICSC)-UBS survey. The increase raised the average of sales in April 0.4% versus March when sales fell 0.2%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2005
Challenger Layoff Count Lowest Since 2000
Challenger, Gray & Christmas reported that job cut announcements in April fell 33.0% to the lowest level since November 2000. The three month average of job cut announcements fell to the lowest level since last September. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2005
FOMC Lifts Funds Rate to 3.00%
The Federal Open Market Committee raised the target rate for federal funds an expected 25 basis points to 3.00%. The discount rate also was raised 25 basis points to 4.00%. The unanimous decision to raise rates was the eighth since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2005
U.S. Construction Spending Led By Residential
The total value of construction put in place rose 0.5% in March for the second month. Consensus expectations had been for a 0.3% gain. Private residential building activity rose 0.3% following an upwardly revised 1.1% increase in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2005
ISM Factory Index Fell Again
The April Composite Index of activity in the manufacturing sector compiled by the Institute of Supply Management fell unexpectedly to 53.3. The index has fallen steadily from the peak of 62.8 roughly one year ago. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
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