• Size of inventory gain is reduced from earlier two months. • Business sales surge. • Inventory-to-sales ratio declines sharply. Total business inventories rose 0.3% (-0.0% y/y) during March following a 0.6% February rise, revised [...]
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 14 2021
U.S. Business Inventories Rise as Expected in March
by:Tom Moeller
|in:Economy in Brief
Global| May 14 2021
U.S. Retail Sales Hold Steady in April
• Stability follows near record March strength. • Weakness was broad-based. • March reading was upwardly revised. The consumer took a breather after store re-openings and government-issued $1,400 checks stimulated spending during [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 12 2021
U.S. Government Budget Deficit Widens in April
• Budget deficit exceeds expectations. • Coronavirus-related outlays balloon. • Individual tax receipts strengthen with economic improvement. The U.S. Treasury Department reported a federal budget deficit of $1.932 trillion for the [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 12 2021
U.S. Consumer Price Inflation Accelerates in April; Core Prices Strengthen
• Monthly increase is highest since June 2009. • Core goods prices surge. • Energy prices ease. Price inflation at the retail level is accelerating as consumer spending strengthens. The Consumer Price Index rose 0.8% (4.2% y/y) during [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 11 2021
U.S. JOLTS: Job Openings & Hiring Rates Strengthen in March
• Job openings increase to another record. • Hiring rate improves slightly. • Layoffs decline while quits stabilize. The Bureau of Labor Statistics reported that on the last business day of March, the level of job openings rose to a [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 11 2021
U.S. NFIB Small Business Optimism Index Strengthens in April
• Optimism rebounds to highest level since November. • Improved optimism is widespread amongst survey categories. • Pricing power improves greatly. The National Federation of Independent Business (NFIB) reported that its Small [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 10 2021
FIBER: Industrial Commodity Prices Continue to Strengthen
• Framing lumber prices lead recent gains. • Metals prices move broadly higher. The Industrial Materials Price Index, from the Foundation for International Business and Economic Research (FIBER), jumped 7.1% during the four weeks [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 07 2021
U.S. Consumer Credit Usage Remains Strong in March
• Growth is driven by nonrevolving credit usage. • Revolving credit balances continue to rise as well. Consumers are confident enough to take on more debt. Consumer credit outstanding strengthened $25.8 billion during March after [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 07 2021
U.S. Payrolls Greatly Disappoint in April; Earnings Strengthen, While Jobless Rate Edges Higher
• Weakness in hiring is broad-based. • Average hourly earnings rebound, reversing March decline. • Unemployment rate edges up from twelve-month low. Strength in the labor market waned following the initial lift from business re- [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 07 2021
U.S. Payrolls Greatly Disappoint in April; Earnings Strengthen, While Jobless Rate Edges Higher
• Weakness in hiring is broad-based. • Average hourly earnings rebound, reversing March decline. • Unemployment rate edges up from twelve-month low. Strength in the labor market waned following the initial lift from business re- [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 06 2021
U.S. Mortgage Loan Applications Drop
• Fewer refinancings lead decline as purchase applications rise. • Mortgage interest rates edge higher. The Mortgage Bankers Association's Loan Applications Index fell 4.2% (-7.1% y/y) in the week ended May 21, following a 1.2% rise [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 06 2021
U.S. Initial Unemployment Insurance Claims Fall Again
• Initial claims fall to another pandemic low. • Continuing claims rise moderately. • Insured unemployment rate holds steady. Initial claims for unemployment insurance declined in the week ending May 1 to 498,000 from 590,000 in the [...]
by:Tom Moeller
|in:Economy in Brief
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