The finished goods PPI fell 0.1% in August versus Consensus expectations for a 0.2% rise.Producer prices less food & energy also declined 0.1% versus expectations for a 0.1% gain. Finished energy prices inched just 0.2% higher (10.0% [...]
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| Sep 10 2004Finished Producer Prices Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2004
Initial Claims for Jobless Insurance Dropped Sharply
Initial claims for unemployment insurance dropped 44,000 to 319,000 last week, the lowest level in two months. The Consensus forecast had beenfor 345,000 claims. The 4-week moving average of initial claims fell to 339,250 (-16.0% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 09 2004
Import Prices Spike Higher
Import prices spiked 1.7% higher last month, the largest one month gain since February 2003 and more than triple the Consensus expectation. The prior month's gain was revised up due to raised petroleum prices. Petroleum prices jumped [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 08 2004
Low Mortgage Rates Stimulate Borrowing
The effective interest rate on a conventional 30-year mortgage ticked up last week to 6.06% from 6.02% the prior week, but those rates were little changed from the 6.04% averaged in August. In May, 30-year financing averaged 6.53%. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 08 2004
U.S. Chain Store Sales Little Changed
Chain store sales slipped ticked slightly higher last week but the level of sales was little changed from four weeks ago according to the International Council of Shopping Centers (ICSC)-UBS. Sales began September 0.2% below the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 08 2004
Challenger Layoffs Up Again
Challenger, Gray & Christmas reported that announced job cuts rose another 6.6% in August on top of an 8.1% rise the prior month. The increase to 74,150 was to the highest level since February. The three month moving average of job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 08 2004
U.S. Budget Deficit Estimates Updated
The Congressional Budget Office Updated its US budget outlook. The current deficit estimates of $422 for FY04 and $348B for FY05 are below the $477B and $363B estimated six months ago due to improved economic & technical assumptions. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2004
JOLTS July Update: US Hiring Improved But Slower
The Job Openings & Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics for July continued to indicate improved hiring, but at a slower rate than in June. The hires rate fell to 3.2% from an upwardly revised 3.4% in June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2004
JOLTS July Update: US Hiring Improved But Slower
The Job Openings & Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics for July continued to indicate improved hiring, but at a slower rate than in June. The hires rate fell to 3.2% from an upwardly revised 3.4% in June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2004
Mass Layoffs Up
Mass layoffs in the US as reported to the Bureau of Labor Statistics jumped 52% in July from an elevated June level which rose 40% from May. The increases reversed all of improvement which had occurred through May. These mass layoffs [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2004
JOLTS Indicates Improved Hiring in the US
The Job Openings & Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics suggests US job creation has picked up, albeit moderately. The hires rate rose to 3.3% in June versus a monthly low of 3.0% last Spring and 3.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2004
JOLTS Indicates Improved Hiring in the US
The Job Openings & Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics suggests US job creation has picked up, albeit moderately. The hires rate rose to 3.3% in June versus a monthly low of 3.0% last Spring and 3.1% [...]
by:Tom Moeller
|in:Economy in Brief
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