Consumers didn't hesitate to borrow last month. Consumer credit outstanding grew $20.84 billion during September (5.6% y/y) following a $13.14 billion August increase, revised from $13.07 billion. It was the strongest increase since [...]
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 07 2017U.S. Consumer Credit Usage Strengthens
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2017
U.S. JOLTS: Job Openings Rate & Level Hold Steady; Hiring Declines
The Bureau of Labor Statistics reported that the total job openings rate in September remained at the record high of 4.0%, where it's been for four straight months. The hiring rate declined, however, to 3.6%, the lowest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2017
U.S. Gasoline & Crude Oil Prices Rise
Recently improved economic growth has given strength to petroleum prices. Retail gasoline prices rose seven cents last week to $2.56 per gallon (14.7% y/y). Haver Analytics constructs factors adjusting for the seasonal variation in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2017
U.S. Factory Orders Remain Strong
Manufacturing sector orders increased 1.4% during September (5.3% y/y) following an unrevised 1.2% August gain. Durable goods orders rose 2.0% (5.9% y/y), revised from the advance estimate of a 2.2% gain which followed a 2.1% August [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2017
U.S. Payrolls Rebound Following Hurricane Loses; Unemployment Dips, but Earnings Hold Steady
Nonfarm payrolls increased 261,000 (1.4% y/y) during October following an 18,000 September increase and a 208,000 August gain. Together these two figures were revised up by 90,000. A 318,000 increase in payrolls had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2017
U.S. Payrolls Rebound Following Hurricane Loses; Unemployment Dips, but Earnings Hold Steady
Nonfarm payrolls increased 261,000 (1.4% y/y) during October following an 18,000 September increase and a 208,000 August gain. Together these two figures were revised up by 90,000. A 318,000 increase in payrolls had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2017
U.S. Initial Unemployment Insurance Applications Fall
Initial claims for unemployment insurance declined to 229,000 (-12.2% y/y) during the week ended October 28 from 234,000 in the prior week, revised from 233,000. The Labor Department indicated that the number of claims continued to be [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 02 2017
U.S. Productivity Growth Accelerates
Output per hour in the nonfarm business sector grew at a 3.0% annual rate (1.5% y/y) in the third quarter following an unrevised 1.5% Q2 gain. It was the quickest productivity increase in three years. A 2.4% rise had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2017
U.S. Light Vehicle Sales Ease
Total sales of light vehicles declined 2.6% during October (+1.2% y/y) to 18.09 million units (SAAR) from 18.57 million in September, according to the Autodata Corporation. Nevertheless, sales remained near the highest level since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2017
U.S. Construction Spending Activity Increases
The value of construction put-in-place rose 0.3% (2.0% y/y) during September following a 0.1% uptick, revised from 0.5%. No change in activity had been expected in the Action Economics Forecast Survey. Private sector building activity [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2017
ISM Factory Sector Index Slips from Its 13-Year High
Activity in the manufacturing sector remained strong last month, but edged down from its September high. The ISM manufacturing sector composite index fell to 58.7 during October from September's unrevised reading of 60.8. It was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 01 2017
U.S. ADP Private Payroll Growth Bounces Back
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 235,000 (2.1% y/y) during October. Depressed by Hurricanes Harvey & Irma, September's 110,000 gain was revised from 135,000. A 200,000 rise [...]
by:Tom Moeller
|in:Economy in Brief
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