Initial unemployment insurance claims rose to 257,000 during the week ended April 22 from 243,000 in the prior week, revised from 244,000. It was the highest level of claims in four weeks. Expectations had been for 241,000 claims 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| Apr 27 2017U.S. Initial Claims for Unemployment Insurance Increase
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2017
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March to an index level of 111.4 following a 5.5% rise. The decline followed a 5.5% February increase that was strengthened [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2017
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March following a 2.3% February gain, revised from 1.8%. A 1.2% increase in orders had been expected in the Action Economics Forecast Survey. The increase in total orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2017
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y) compared to $2.44 during the prior week. Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2017
U.S. State Unemployment Continues to Range Widely
As the unemployment rate declined last month to a 10-year low of 4.5%, it continued to reflect widely divergent rates amongst the states. At the high end were two states which realized unemployment above 6.0%. At the low end, were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2017
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3 following a little-revised 7.6% March gain. Despite the decline, the index remained near the highest level since December 2000. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2017
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000 from 587,000 in February, revised from 592,000. The latest level roughly matched the highest reading in November 2007. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 25 2017
U.S. FHFA House Price Index Regains Strength
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices increased 0.8% during February (6.5% y/y) following a 0.2% January rise, revised from no change. It was the strongest increase since March of last year. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 24 2017
Texas Factory Sector Expansion Proceeds
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index of 16.8 in April was fairly steady m/m, though it was down slightly from the earlier three months. It [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 21 2017
U.S. Existing Home Sales Strengthen to Ten-Year High
Sales of existing single-family homes increased 4.4% during March to 5.710 million units (AR) and reversed a 3.9% February decline to 5.470 million, revised from 5.480 million. The latest level of sales was the highest since February [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 20 2017
Philadelphia Fed Factory Conditions Soften
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index fell to 22.0 during April from an unrevised 32.8 in March. The latest monthly reading compared to expectations for 25.0 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 20 2017
Philadelphia Fed Factory Conditions Soften
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index fell to 22.0 during April from an unrevised 32.8 in March. The latest monthly reading compared to expectations for 25.0 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
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