The headline Final Demand Producer Price Index using new methodology remained unchanged during July following an unrevised 0.3% rise in June. The 3.3% y/y rise remained nearly the strongest since November 2011. A 0.2% increase had [...]
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 09 2018U.S. Producer Prices Hold Steady
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2018
U.S. Home Affordability Declines
The National Association of Realtors reported that the Composite Index of Home Affordability declined 8.8% y/y during June to 134.8, the lowest level since August 2008. The index was 37.3% below its peak in January 2013. Together, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2018
U.S. Mortgage Loan Applications Continue to Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index fell 3.0% last week (-18.2% y/y) following a 2.6% drop during the prior week. It was the fourth consecutive weekly decline and left the level of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2018
U.S. Consumer Credit Usage Falls Back
Consumer credit outstanding increased $10.20 billion (4.7% y/y) during June following a $24.27 billion rise in May, revised from $24.56 billion. The $16.0 billion gain had been expected in the Action Economics Forecast Survey. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2018
U.S. JOLTS: Job Openings Rate Stabilizes; Hiring Rate Declines
The Bureau of Labor Statistics reported that the total job openings rate during June held steady m/m at 4.3%. It remained higher than the 4.0% rate twelve months earlier. (The job openings rate is the job openings level as a percent [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2018
U.S. Retail Gasoline Prices Continue Strong
Retail gasoline prices remained at $2.85 per gallon last week, up 16.5% from $2.45 at the end of last year. Haver Analytics constructs factors to adjust for the marked seasonal variation in prices. The seasonally-adjusted gasoline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2018
FIBER: Industrial Commodity Prices Continue to Falter
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 3.7% last month, as it did during the prior two four-week periods. Prices have been falling since the third [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2018
U.S. Nonfarm Payroll Employment Growth Moderates, but Jobless Rate Declines and Wages Firm
Strength in the labor market abated during July. Nonfarm payrolls increased 157,000 (1.6% y/y) following a 248,000 June rise which was revised up from 213,000 estimated last month. The gain in May payrolls also was strengthened to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2018
U.S. Nonfarm Payroll Employment Growth Weakens, Jobless Rate Declines and Wages Rise Moderately
Earlier signs of strength in the labor market cooled during July. Nonfarm payrolls increased 157,000 (1.6% y/y) following a 248,000 June rise which was revised up from 213,000 estimated last month. The rise in May payrolls also was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2018
U.S. Factory Orders and Shipments Strengthen
Activity in the factory sector continues to improve. Manufacturers' orders increased 0.7% (6.1% y/y) during June following an unrevised 0.4% May increase. Manufacturing shipments surged 1.0% (8.4% y/y) after a 0.6% May rise. Durable [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2018
U.S. Initial Claims for Unemployment Insurance Remain Low
Initial unemployment insurance claims inched higher to 218,000 during the week ended July 28 from an unrevised 217,000 during the prior week. Claims remained near the lowest level since late-1969. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2018
U.S. Light Vehicle Sales Decline
Total sales of light vehicles fell 2.7% during July (-0.1% y/y) to 16.77 million units (SAAR), the lowest level since August of last year according to the Autodata Corporation. The decline left sales 7.7% below the 18.16 million unit [...]
by:Tom Moeller
|in:Economy in Brief
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