Initial claims for unemployment insurance increased to 249,000 (4.2% y/y) during the week ended November 11 from an unrevised 239,000 in the prior week. Expectations had been for 234,000 claims in the Action Economics Forecast Survey. [...]
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| Nov 16 2017U.S. Initial Unemployment Insurance Claims Increase
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2017
U.S. Business Inventories Remain Unchanged; Sales Jump
Total business inventories held steady (3.5% y/y) in September following a little-revised 0.6% August rise. Retail inventories declined 0.9% (+2.2% y/y) led by a 2.4% fall (+4.0% y/y) in motor vehicle inventories. Outside of the auto [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2017
Empire State Factory Sector Index Declines
The Empire State Manufacturing Index of General Business Conditions for November fell to 19.4 following its unrevised improvement to 30.2 during October. The latest level was the lowest since July, but continued to indicate expansion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 15 2017
U.S. Retail Sales Moderate
Total retail sales and spending at restaurants edged 0.2% higher (4.6% y/y) during October following a 1.9% September jump, revised from 1.6%. A 0.1% uptick had been expected in the Action Economics Forecast Survey. Much of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2017
U.S. Energy Prices Rise
Retail gasoline prices rose three cents last week to $2.59 per gallon (18.7% y/y). It was the highest level in seven weeks, but still below the early-September high of $2.69 per gallon. Haver Analytics constructs factors adjusting for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2017
U.S. Small Business Optimism Increases
The National Federation of Independent Business reported that its Small Business Optimism Index rose to 103.8 during October following a September decline to 103.0. The figure remained below its January high of 105.9, but increased [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2017
U.S. Producer Pricing Power Strengthens Yet Again
The headline Final Demand Producer Price Index using new methodology increased 0.4% during October, the same as in September. These remain the strongest gains since April and pulled the y/y rise to 2.8%, the strongest since February [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2017
U.S. Government Budget Deficit Widens
The U.S. Treasury Department reported that the federal government ran a $63.2 billion budget deficit during October compared to a $45.8 billion deficit in October 2016. A deficit of $49.0 billion had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2017
FIBER: Industrial Commodity Prices Ease
The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) slipped 1.4% during the last four weeks, but gained 11.5% in the last twelve months. The latest index level of 159.45 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2017
U.S. Wholesale Inventories Increase Modestly as Sales Jump
Inventories at the wholesale level increased 0.3% during September (4.6% y/y) following a 0.8% August gain, revised from 0.9%. During the last three months, inventories have risen at a 7.5% annual rate, up from little change January [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2017
U.S. Initial Claims for Unemployment Insurance Rise
Initial unemployment insurance claims increased to 239,000 (-4.4% y/y) during the week ended November 4 from an unrevised 229,000 in the prior week. Expectations had been for 233,000 claims in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2017
U.S. Mortgage Loan Applications Hold Steady as Interest Rates Trend Higher
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index remained unchanged (-18.9% y/y) last week, but was 15.7% below the September high. Purchase applications edged 0.5% higher (8.2% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
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