• Nonrevolving borrowing usage jumps again. • Charge card balances shrink. Consumers are spending more on credit. Consumer credit outstanding increased $9.0 billion during June following a $14.4 billion May decline, revised from [...]
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 07 2020
U.S. Consumer Credit Usage Increases
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2020
U.S. Employment Growth Moderates in July; Earnings Rise Modestly & Jobless Rate Declines
• Rise in jobs slows after bounce-back from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2020
U.S. Employment Growth Moderates in July; Earnings Rise Modestly & Jobless Rate Declines
• Rise in jobs slows after recovering from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2020
U.S. Employment Growth Moderates in July; Earnings Rise Modestly & Jobless Rate Declines
• Rise in jobs slows after recovering from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 06 2020
U.S. Initial Claims for Jobless Insurance Benefits Decline Sharply
• Initial claims for state unemployment benefits fall to four-month low. • Continuing claims for state programs also ease. • Insured unemployment rate declines to four-month low. Initial claims for unemployment insurance declined to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2020
U.S. ISM Nonmanufacturing Activity Index Improves in July
• Service sector activity is at highest level since February 2019. • Component activity is mixed. • Pricing power improves. The Composite Index of Nonmanufacturing Business Activity from the Institute for Supply Management increased [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2020
U.S. ISM Services PMI Improves in July
• Service sector activity is at highest level since February 2019. • Component activity is mixed. • Pricing power improves. The Composite Index of Services Activity from the Institute for Supply Management increased to 58.1 during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2020
U.S. ADP Nonfarm Private Payroll Gains Slow in July
• Employment slowdown is broad-based last month. • Earlier figures were revised significantly higher. Job market improvement was notably diminished during July. The ADP National Employment Report indicated that nonfarm private [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2020
U.S. Factory Orders & Shipments Post Strong Gains in June
• Factory orders increase again, notably for motor vehicles. • Shipments gain is broad-based. • Inventories build up. New orders for manufactured goods increased 6.2% in June (-10.6% y/y) after May's 7.7% gain, revised from 8.0%. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 04 2020
U.S. Energy Product Prices Are Mixed
• Gasoline prices hold steady. • Crude oil prices ease. • Natural gas prices rebound. Regular gasoline prices were unchanged at $2.18 per gallon (-19.0% y/y) in the week ended August 3. Prices remained near the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2020
U.S. Light Vehicle Sales Rise Further During July
• Vehicle sales continue to increase m/m, but are off 14.6% y/y. The Autodata Corporation reported that sales of light vehicles rose 10.2% last month (-14.6% y/y) to 14.53 million units (SAAR) from 13.18 million in June. It was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 03 2020
U.S. Construction Weakens Again in June
• Construction spending scaled back for the fourth straight month. • Residential building leads the way lower. Construction activity remains weak. The value of construction put-in-place eased 0.7% (+0.1 y/y) during June following a [...]
by:Tom Moeller
|in:Economy in Brief
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