The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index declined 1.9% (-1.6% y/y) to 102.7 during December and mostly reversed its November rise. The reading was 5.6% below the high in [...]
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| Jan 14 2020U.S. Small Business Optimism Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2020
U.S. CPI Increases Moderately; Core Prices Rise Negligibly
The Consumer Price Index increased 0.2% (2.3% y/y) during December following a 0.3% November rise and a 0.4% October gain. A 0.3% increase had been expected in the Action Economics Forecast Survey. The CPI excluding food & energy [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2020
U.S. Government Budget Deficit Is Little Changed
The U.S. Treasury Department reported that the federal government ran a $13.27 billion budget deficit during December compared to a $13.54 billion deficit twelve months earlier. A $14.3 billion deficit had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2020
FIBER: Industrial Commodity Prices Continue to Strengthen
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 1.7% during the four weeks ended Friday and 3.9% over the last three months. The price index increased 0.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2020
U.S. Nonfarm Payroll Increase & Wage Gains Disappoint; Jobless Rate Steady
The labor market ended 2019 with diminished growth. Nonfarm payroll employment increased 145,000 (1.4% y/y) during December after rising 256,000 in November, revised from 266,000. October employment rose 152,000, revised from 156,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2020
U.S. Nonfarm Payroll Increase & Wage Gains Disappoint; Jobless Rate Steadies
The labor market ended 2019 with diminished growth. Nonfarm payroll employment increased 145,000 (1.4% y/y) during December after rising 256,000 in November, revised from 266,000. October employment rose 152,000, revised from 156,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2020
U.S. Initial Applications for Unemployment Insurance Ease, But Continuing Claims Surge
The latest readings of labor market conditions were mixed. Initial claims for jobless insurance declined 9,000 to 214,000 (-3.2% y/y) in the week ended January 4 from 223,000 in the prior week, revised from 222,000. It was the fourth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2020
U.S. Consumer Credit Usage Eases
Consumer Credit Outstanding increased $12.53 billion (4.5% y/y) during November after an $18.96 billion October gain, revised from $18.90 billion. A $16.4 billion increase had been expected by the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2020
U.S. ADP Private Payroll Increase Strengthens
The ADP National Employment Report indicated that private nonfarm payrolls increased 202,000 (1.5% y/y) during December following a 124,000 November rise, revised from 67,000. It was the largest increase since April and exceeded [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2020
U.S. Mortgage Applications Recover As Interest Rates Ease
The Mortgage Bankers Association reported that its Mortgage Loan Index jumped 13.5% (29.9% y/y) in the week ending January 3 after falling 13.2% in the previous week. Applications to refinance a loan surged by one quarter (73.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2020
U.S. Energy Product Prices Edge Higher
etail gasoline prices inched up to $2.58 per gallon (15.2% y/y) last week from $2.57 per gallon in the previous week. Last week's price roughly equaled last year's average. Typically, gasoline prices weaken this time of year and Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2020
U.S. ISM Nonmanufacturing Index Improves to Four-Month High
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) increased to 55.0 during December from 53.9 in November. It was the highest level since August but remained below the high of 60.8 [...]
by:Tom Moeller
|in:Economy in Brief
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