As the U.S. unemployment rate declined last month to 4.4%, the lowest level since May 2007, it continued to reflect a wide range of rates amongst states. At the high end were two states which realized unemployment above 6.0%. Several [...]
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| May 19 2017U.S. Unemployment Varies Greatly Around the Country
by:Tom Moeller
|in:Economy in Brief
Global| May 18 2017U.S. Leading Economic Indicators Improve
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% (3.2% y/y) during April, the same as in March, initially reported as 0.4%. A 0.3% rise had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 18 2017Philadelphia Fed Factory Conditions Strengthen; Prices Moderate
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index rebounded to 38.8 during May following an unrevised decline to 22.0 in April. The latest monthly reading compared to expectations for [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 18 2017U.S. Initial Claims for Unemployment Insurance Touch 1973 Low
Initial unemployment insurance applications fell to 232,000 during the week ended May 13 from an unrevised 236,000 in the prior week. It was the lowest level of claims since July 1973. Expectations in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 17 2017U.S. Mortgage Loan Applications Decline; Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index fell 4.1% (-17.9% y/y) in the week ended May 12, after a 2.4% increase during the prior week. Refinancing applications declined 5.7% (-36.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 16 2017U.S. Gasoline Prices Hold Steady; Crude Oil Declines
Regular gasoline prices held at $2.37 per gallon last week (5.7% y/y), down from $2.45 at the end of April. 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| May 16 2017U.S. Industrial Production Increases; Factory Output Strengthens
Industrial production increased 1.0% (2.1% y/y) during April following a 0.4% March gain, revised from 0.5%. A 0.4% increase had been expected in the Action Economics Forecast Survey. Manufacturing sector output also rose 1.0% (1.7% [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 16 2017U.S. Housing Starts Decline Again
Housing starts remain soft. During April, total starts declined 2.6% to 1.172 million units (AR) from 1.203 million in March, revised from 1.215 million. It was the lowest level of starts since November. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 15 2017U.S. Home Builder Index Improves; Expectations Jump to 12-Year High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased 2.9% to 70 during May and reversed most of the prior month's decline. The index remained 20.7% higher y/y. The NAHB figures are [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 15 2017Empire State Business Conditions Index Falls
The Empire State Manufacturing Index of General Business Conditions for May fell to -1.0 from 5.2 in April, down from February's peak reading of 18.7. A reading of 6.3 was expected in the Action Economics Forecast Survey. These data, [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 12 2017U.S. CPI Increases Modestly; Core Up Minimally
The Consumer Price Index gained 0.2% during April following a 0.3% March decline. The 2.2% y/y increase was down from February's y/y rise of 2.7%. The monthly increase matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 12 2017U.S. Retail Sales Improve
Total retail sales and spending at restaurants increased 0.4% during April (4.5% y/y) following a 0.1% March gain, revised from -0.2% reported initially. Earlier figures also were revised. It was the strongest gain in three months. A [...]
by:Tom Moeller
|in:Economy in Brief
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