Initial claims for jobless insurance during the week ended June 3 fell to 245,000 (-8.7% y/y) following a rise to 255,000 during the prior week, revised from 248,000. Expectations called for 240,000 claims in the Action Economics [...]
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| Jun 08 2017U.S. Initial Unemployment Insurance Claims Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2017
U.S. Consumer Credit Usage Slows Dramatically
Consumer credit outstanding grew $8.20 billion (5.8% y/y) during April following a $19.54 billion March gain, revised from $16.42 billion. February's rise also was raised to $16.49 billion from $13.75 billion. A $15.8 billion April [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2017
U.S. Mortgage Loan Applications Increase
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index increased 7.1% (-17.3% y/y) in the week ended June 2, after a 3.4% decline during the prior week. Purchase applications jumped 10.0% (4.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2017
U.S. JOLTS: Job Openings Strengthen While Hiring Falters
The Bureau of Labor Statistics reported that the total job openings rate increased to 4.0% during April and returned to its record high. Despite the increase, the hiring rate fell to 3.5%, its lowest level in 12 months. These figures [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2017
U.S. Gasoline Prices Hold Steady; Crude Oil Declines
Regular gasoline prices held at $2.41 per gallon last week (1.4% y/y), and were lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2017
U.S. Factory Orders Slip
Manufacturing sector orders eased 0.2% (+2.9% y/y) following a 1.0% gain, revised from 0.2%. Earlier figures were revised. Durable goods orders declined 0.8% (-0.1% y/y), revised from the advance report of a 0.7% fall. Transportation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2017
NABE 2018 Forecast Calls for Moderate Growth & Higher Inflation
The National Association for Business Economics expects 2.4% real U.S. economic growth in 2018, revised slightly from the earlier expectation of 2.5% growth. These follow expected growth of 2.2% this year, revised from 2.3%. Quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2017
U.S. ISM Nonmanufacturing Index Weakens
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) fell to 56.9 during May, and reversed all of its April increase. The Action Economics Forecast Survey expected a reading of 56.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2017
U.S. Productivity Revised Upward and Cost Pressures Are Lowered
Nonfarm output per hour remained unchanged during Q1'17 (1.2% y/y) revised from the preliminary report of a 0.6% decline. A 0.1% dip had been expected in the Action Economics Forecast Survey. Output grew an upwardly revised 1.7% (2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2017
U.S. Payroll Increase Disappoints; Jobless Rate Declines
The May employment report sent mixed signals about labor market conditions. Nonfarm payrolls rose 138,000 (1.5% y/y) last month. A 182,000 increase had been expected in the Action Economics Forecast Survey. The rise followed a 174,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2017
U.S. Payroll Increase Disappoints; Jobless Rate Declines
The May employment report sent mixed signals about labor market conditions. Nonfarm payrolls rose 138,000 (1.5% y/y) last month. A 182,000 increase had been expected in the Action Economics Forecast Survey. The rise followed a 174,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 01 2017
U.S. Light Vehicle Sales Ease
Light vehicle sales continue to soften. Total sales of light vehicles fell 1.3% during May to 16.66 million units (SAAR) from 16.88 million in April, according to the Autodata Corporation. Sales fell 3.0% y/y. During the first five [...]
by:Tom Moeller
|in:Economy in Brief
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