Initial claims for unemployment insurance were higher than expected in the latest week, rising above 400,000 for only the second week since May. Claims rose 8,000 (2.0%) versus the prior week which was revised up. The 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| Aug 29 2002Initial Claims for Jobless Insurance Rose Again
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2002
Crude Oil Prices Up
Crude oil prices fell slightly during the past week, but concerns over supply disruptions have raised the spot market price of West Texas Intermediate crude more than 60% since the lows set early this year. Wholesale gasoline prices [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2002
Durable Goods Orders Recover
Durable goods orders recovered much more than expected last month after June's collapse which was revised deeper. July's jump was the largest one month rise since last October and raised orders 7.5% year to date. Orders for nondefense [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2002
July New Home Sales a Record
Sales of new single family homes last month were stronger than Consensus expectations for a 975,000 sales rate. June sales were revised lower. July sales were a record. Sales were mixed across the countrys regions: rising sharply in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 23 2002
Lending Standards Ease
The Federal Reserve Survey of Senior Loan Officers indicated that lending standards to both large and small firms have eased. In the latest survey, 21.4% of banks tightened lending standards to large firms versus nearly 60% that were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 22 2002
Initial Jobless Insurance Claims Higher Than Expected
Initial claims for unemployment insurance were slightly higher than expected in the latest week. Claims fell slightly versus the prior week which was revised up. The latest figure covers the survey period for August nonfarm payrolls. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 21 2002
U.S. Budget Deficit Deepened
The July US budget deteriorated about as expected. A monthly deficit of $30.0B had been expected versus last year's July surplus of $2.8B. Deficits are typical for July. Only in 2000 and 2001 were small surpluses recorded. Receipts [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 20 2002
U.S. Trade Deficit Improved in June
The U.S. foreign trade deficit improved slightly in June, about as expected, versus a record May deficit that was deepened slightly. Trade deficits in 2Q02 ran at a $444.6B annual rate versus a $373.3B rate in 2Q01. Exports rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 19 2002
Leading Indicators Fall
The Composite Index of Leading Economic Indicators fell slightly less than expected last month. It was the third decline in the index during the last four months. June figures were revised down and now show a decline versus the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2002
Nonfarm Productivity Firm
Nonfarm labor productivity grew more than expected last quarter. Consensus estimates were for a 0.8% rate of growth. Revisions to productivity left 1Q02 growth unchanged at 8.6% but 2001 growth was lowered to 1.1% from 1.8%. Growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 09 2002
Nonfarm Productivity Firm
Nonfarm labor productivity grew more than expected last quarter. Consensus estimates were for a 0.8% rate of growth. Revisions to productivity left 1Q02 growth unchanged at 8.6% but 2001 growth was lowered to 1.1% from 1.8%. Growth in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2002
Producer Prices Fell
Finished producer prices were weak last month, falling instead of rising 0.2% as the Consensus expected. It was the third decline in producer prices this year. Excluding food and energy prices also were weaker than expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
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